Chartered surveyors Pennycuick Collins is moving its HQ to 54 Hagley Road, Birmingham, in the latest of a series of deals at the prestigious office building. Leading property adviser, GVA negotiated the 5,359 sq ft letting.
The firm has taken space on the 12th floor of the 140,000 sq ft building on a five-year lease and will relocate from its current office on Broad Street.
Set in a sought-after business location, 54 Hagley Road has undergone an extensive £17 million refurbishment across all floorplates to provide flexible Grade A accommodation with an impressive reception area.
George Jennings, Associate at GVA, said: “Pennycuick Collins has occupied offices on the West side of the city for a number of years and was keen to stay close to its existing premises on Broad Street.”
Other tenants at 54 Hagley Road include wholesale suppliers, Visual Food, quantity surveyors, Francis Graves and construction and property consultants, RLF.
Charles Gillett, Pennycuick Collins, said: “We took a decision to move to
54 Hagley Road after seeing the outstanding redevelopment of the building. The space demonstrates value for money and we were impressed by the generous car parking. Altogether these benefits convinced us that 54 is the ideal premises for our business.
“54 provides us with the perfect platform for expansion and we are thrilled with the flexibility of the space and its panoramic views across Birmingham and Edgbaston. We look forward to moving into the building at the end of February.”
This letting leaves 44,000 sq ft of available space in the building. GVA acts as joint agents with GBR Phoenix Beard and JLL.