One of Birmingham’s most iconic office buildings, Tricorn House in Edgbaston, is fully occupied following a letting to FIS Global.
The financial services software provider has taken an additional 7,581 sq ft on the sixth floor on a ten-year lease. The rent is undisclosed. FIS Global currently occupies 30,238 sq ft in the building.
Property consultants CBRE and Savills jointly advised the landlord, Commercial Estates Group (CEG), on the letting. FIS was represented by JLL.
Built in 1976, Tricorn House, on Hagley Road, comprises 150,000 sq ft of Grade A office accommodation, including a mix of traditional and flexible studio space, over 12 floors. Tenants include Alzheimer’s Society, DAC Beachcroft, Housing 21 and Money Advice Trust.
The three-sided building recently underwent a circa £1million refurbishment to upgrade the office space and install new on-site amenities, including a fully equipped gym and wellness centre, contemplation room, showers and changing rooms, conference suite and a new 5,000 sq ft reception, complete with a café, lounge and break out areas.
Theo Holmes, director in CBRE’s Birmingham office agency team, said: “Tricorn House is pound for pound the best value office building in Birmingham. It has set a new benchmark for office space in Edgbaston and raised occupier expectations for refurbished accommodation in the city.
“The investment made by CEG has paid dividends with the building now fully let.”
Ben Thacker, business space director at Savills, said: “Tricorn House differentiates itself with the availability of large open plan floorplates on flexible lease terms and the ability to offer occupiers the kind of amenity offering that is usually reserved only for prime new buildings. The appeal of Edgbaston as an office location keeps growing and the arrival of the Midland Metro next year will only cement this further.”
Jimmy McWilliams, investment manager at CEG, said: “At Tricorn House we have created an environment where people will want to get to work. Spaces have been designed with the occupier in mind to enhance productivity and with a real focus on health and happiness to provide an unrivalled level of amenity.
“It’s all about breaking down the barriers of the notional nine to five traditional office environment. We firmly believe that not only will this help attract occupiers but will also enable businesses to attract and retain the best talent.
“The recent successes in letting activity is testament to CEG’s ongoing investment in the building and continued commitment to our tenants.”
Kelvin Craddock, director in JLL’s Birmingham tenant representation team, said: “JLL is proud to have advised FIS Global on its expansion at Tricorn House. The recent enhancements have created a great environment for FIS and its employees, providing high quality amenities, which tick the box for all occupiers with a strong focus on health and wellbeing.”