Trio of lettings at Quayside

Quayside, Broad Street

CBRE Investors has scored a trio of lettings at its Quayside development on Broad Street, Birmingham.

Regus, the workplace provider, has taken 12,636 sq ft/1,173 sq m at the development, on the second and third floors, their seventh business centre in the city. The serviced operator has a ten-year lease; the rent is undisclosed.

Signallng Solutions has moved in to the 13th floor, occupying 6,318 sq ft/586 sq m of space. The new tenant, which provides turnkey solutions to the rail industry train control and resignalling market, has agreed a ten-year lease with a five year break, at a rent of £18 per sq ft.

A 4,188 sq ft/389 sq m letting has also been agreed with private investment company Honister Capital Ltd. A three-year lease of the fourth floor suite, at £17 per sq foot, has been taken.

Around a third of the office space at the 97,000 sq ft/9,011 sq ft 20 storey tower remains available to let, at rents from £15 per sq foot.

Jamie Spires, a surveyor in the office agency team at letting agent CB Richard Ellis in Birmingham, said: “Getting 23,000 sq ft of space away in the current climate is a tough call, but CBRE Investors’ willingness to talk on both rent and lease terms has paid dividends.

“Occupiers of the Quayside tower can gaze down on their Brindleyplace counterparts in the knowledge that they are paying around a quarter less for the same Broad Street address.”

Mr Spires said Quayside’s proximity to the city centre, Brindleyplace and the Mailbox, plus the best city centre car parking ratios (one per 574 sq ft), are also winning it fans.

Craig Satchwell, director of joint letting agents Colliers International, added: “Quayside is well placed in the current market as it offers an occupier Grade A accommodation at a significant discount to competing buildings.”

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