The 69,000 sq ft 9 Colmore Row block has the kind of moderate-sized floorplates that appeal to this kind of corporate demographic. Buildings like this have done well when the big floorplate blocks have suffered: three of the other tenants have renewed leases, comprising over 18,000 sq ft, in the last couple of months.
UKCM recently completed an upgrade programme at the property, which saw the reception area refurbished, the addition of a communal meeting room and breakout space, and the delivery of a dedicated cycling hub and health club with quality changing facilities in the basement.
Good quality, second-hand refurbishments with decent but not huge floorplates and a landlord prepared to bend with the wind: if you have to identify the recipe for success in Birmingham offices – that would be it.
Look, for instance, at another Aberdeen Standard block at 54 Hagley Road, where a £3 million refurbishment has meant new ground floor amenities, including a business lounge and café, breakout spaces, conference rooms and fitness studio with shower facilities.
Despite the COVID-19 pandemic, Aberdeen Standard Investments, which acquired the Grade A office building just over two years ago, pressed on with its plans to create offices that were fit for 21st century businesses seeking high quality space. Turns out to have been a good move.