JLL advises BT on Birmingham's largest ever single office letting
BT, advised by JLL, is to relocate to Three Snowhill in Birmingham in a property deal that it sees it take 283,000 sq ft of offices on a 20-year lease from Ballymore and M&G Real Estate.
The deal, which is the largest ever letting in a single building in Birmingham will see BT occupy ground and floors 7 to 17. BT plans to move its staff in from the end of year. Graeme Paton, BT’s managing director of property and facilities service said: “Unveiling our new site at Three Snowhill follows our announcement last year, when Birmingham was revealed as one of the first locations that will house our workplaces of the future.
“The city was recently ranked as one of the most rapidly improving places to work in Britain and, thanks to securing this office space, we will become one of the largest employers in Birmingham with a visible presence in strategic and important location.
“Our new building in Birmingham will bring our people together in an impressive and modern environment, transforming the way we work.
“Excitingly, it will become a strategic hub location for BT in the UK with a considerable increase in the number of colleagues we employ based in the city.
“We hope our colleagues will be inspired by the new office which will give them the tools and environment to be able to thrive. This is also fantastic news for both Birmingham and the wider Midlands.
Kelvin Craddock, director tenant representation, at JLL added: “We are proud to have advised BT on this landmark deal which underlines the strength of the city’s office market and Birmingham’s attractiveness as a key destination for business.
“Three Snowhill was selected following an extensive review of all city centre options and will provide a dynamic and fit for purpose workplace for its staff.
“BT will occupy the top 11 floors of this 17-storey building which, combined with a presence on the ground floor, provides branding, profile and fantastic arrival experience for both their visitors and employees.”
JLL are joint letting agents on Three Snowhill and are actively marketing the remaining space in the building.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of more than 93,000 as of September 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.