Financial services and accountancy firm Grant Thornton has agreed a new office deal in Birmingham’s business district.
The company is the latest to sign up for space at the new 103 Colmore Row development which is nearing completion.
Grant Thorton has signed a ten-year lease for 12,146 sq ft, taking the entire 17th floor of the 26-storey building for an undisclosed rent. It is currently based at The Colmore Building where it employs more than 400 people.
Birmingham practice leader Dave Hillan said: “I am delighted that we are moving to what is a flagship location in the centre of Birmingham.
“The environmental credentials of 103 Colmore Row were a huge attraction for us, together with the availability of additional flexible working space within the building.
“As people start to return to the office, it is important that they have a great working environment to return to.”
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103 Colmore Row is being developed at the corner with Newhall Street on the site of John Madin’s old NatWest Tower.
A joint venture partnership of Sterling Property Ventures and Tristan Capital Partners is leading the scheme which will eventually deliver 223,631 sq ft of grade A office space.
At 354 feet, it is said to be the tallest office development under construction in the UK outside London.
Construction is due for completion this month which will then allow new tenants to begin their own internal fit out projects.
This latest letting to Grant Thornton is the second to a professional and financial services firm after Tilney Smith & Williamson agreed a ten-year lease on the 14th floor in August.
Flexible workspace provider x+why has also taken 31,500 sq ft on the first, second and third floors as well as operating the members’ business club on the 18th floor.
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The two-storey top floor restaurant and ground floor café will both be operated by D&D London.
James Howarth, managing director of Sterling Property Ventures, added: “As the building edges closer to practical completion, occupier interest is starting to gather real momentum and the floors are beginning to fill up.
“Post-pandemic, employees are demanding more from the offices they want to work in, with a focus on health and wellbeing, as well as location and commute time for work-life balance.
“Companies are recognising this and as a result we’re seeing a flight to quality in the office sector, with occupiers clamouring for the very best space.”