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News Release

Birmingham

AshbyCapital relaunches Colmore Plaza as The Colmore Building

A £3.5m enhancement programme is unveiled


Birmingham, 18 January 2016 - AshbyCapital, the real estate investment advisor has relaunched the Colmore Plaza building in Birmingham’s city centre, unveiling a £3.5 million enhancement programme and a new name, The Colmore Building, to reinforce its position as one of the city’s most prominent business addresses.

The enhancement works, which will complete this spring, will give The Colmore Building the city’s most comprehensive offering of on-site amenities, responding to changing occupier demands and reflecting the building’s prime location at the heart of the Colmore district, Birmingham’s premier area for business and finance. A new coffee house, state-of-the-art gym, treatment rooms, an enlarged and improved reception area with concierge services, and facilities for cyclists including bicycle parking, luxurious changing rooms and a drying room will cement The Colmore Building as a world-class office address at the heart of Birmingham.

The Colmore Building, which provides 310,000 sq ft of grade A office space over 14 storeys, is already home to blue-chip tenants including Vodafone, Allianz, Investec, Grant Thornton and Marsh. It has a BREEAM environmental and sustainability rating of ‘Excellent’. The building is able to accommodate lettings of up to 104,000 sq ft across its efficient and flexible 23,000 sq ft floor plates.

Peter Ferrari, Chief Executive of AshbyCapital, said:
“The investment being made to The Colmore Building highlights our confidence in Birmingham as one of the UK’s most important business locations. With the Grand Central shopping centre now open, New Street Station comprehensively redeveloped, the new Midlands Metro tram system nearing completion and HS2 set to reduce journey times to London to less than 50 minutes, Birmingham has a bright future. The high-quality enhancement works being undertaken at The Colmore Building will provide a world-class office building to respond to the requirements of forward-thinking businesses that recognise the importance of unrivalled on-site amenities and an outstanding working environment to attract the best talent.”

Jonathan Carmalt, Director National Office Agency said

“JLL is delighted to be appointed on this prestigious leasing instruction.  The Colmore Building is the only grade A office building within the Colmore Business District of Birmingham with immediately available floor plates of c23,000 sq ft.  It is uniquely positioned to be able to offer three contiguous floors to an occupier (totalling c70,000 sq ft) in a market where grade A offices are in short supply in 2016.  We can accommodate enquiries from c4,000 sq ft.”

Architects Morey Smith have designed the enhanced spaces. Agents for The Colmore Building are Bilfinger GVA and JLL.

AshbyCapital, which purchased Colmore Plaza on behalf of its group investment company in summer 2015, is a real estate investment advisory company with a stated strategy of adding value to property assets in prime locations. Its other investments include 200 Aldersgate, one of London’s most successful multi-let buildings with a leading combination of amenities.