Latest phase starts on large Birmingham offices refurb
Works have started on the latest phase of what is considered as being the largest office refurbishment in central Birmingham.
Commercial property developer Highcross is spending an additional £1m on a second phase of redevelopment at their Livery Place scheme (pictured) in Birmingham.
This latest phase is reportedly the largest refurbishment programme of a city-centre Birmingham office scheme this year. Highcross has already spent £3m at Livery Place refurbishing the reception and communal areas and floors 5-7. The current works will see floors 1-4 being refurbished.
Livery Place (formerly known as Berwick House) offers around 60,000 sq ft of Grade A floor space over 8 floors. The building is located within the commercial district of Birmingham and is next to Snow Hill Railway Station. The speculative Snowhill development is also close by. Livery Place offers floor plates of 9,100 sq ft and open-plan suites from 932 sq ft are to be made available. Quoted rental prices are £19.50 / sq ft. Packt Publishing has already signed a pre-let agreement on 3,690 sq ft of space in phase two of the building.
Commenting on the works, Joe Curlett, senior asset manager at Highcross, said: “The second phase of Livery Place [comes off] the back of the success of the first phase, where we have now let more than 70 per cent of the space. In response to market demand, we have also sub-divided the first floor into smaller suites of 900 sq ft up to 4,100sq ft.”
Highcross purchased Livery Place from investment company Boultbee for £10.5m in January, 2008. Birmingham-based City Office Interiors who completed the initial refurbishment programme has been retained for the current works.
Joint marketing agents for Livery Place are GBR Phoenix Beard and CBRE.
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