Birmingham Office Given Face Lift
Despite the commercial office space market in Birmingham having been ΓÇ£restrainedΓÇ¥ in the first three quarters of 2010, work has just been completed on the refurbishment of the ground floor reception area of the Colmore Gate office development ΓÇô an improvement seen as necessary for the office scheme to compete with neighbouring buildings.
Located only a short distance from BirminghamΓÇÖs Snow Hill Station, the 15 floored, tinted glass fa├ºade of the Colmore Gate office building is a notable addition to BirminghamΓÇÖs skyline and sits within the cityΓÇÖs Central Business District.
But with a recent report from Commercial Property Agent Savills describing the office market as ΓÇ£restrainedΓÇ¥ in the opening nine months of 2010, has this refurbishment been a response to current demand or preparation for an up-swing in office space demand in the next 18-24 months?
Completed in 1992, the overhaul of the buildingΓÇÖs reception area has included removing and replacing the extensive canopies that extended to Colmore Row and Bull Street with modern alternatives.
Speaking to the Birmingham Post project manager Anthony Aldritt explained:
ΓÇ£The major alterations to the reception area have been supported by the on-going refurbishment of some of the upper floors of office space.
ΓÇ£The works have greatly improved the properties profile with perspective tenants. The new entrance makes a statement and allows the building to have a greater impact on the surrounding environment.ΓÇ¥
Given that the report from Savills also highlights a lack of office space developments coming through the pipeline during the next few years, the refurbishment of well-located but older buildings such as Colmore Gate may become a growing trend as the availability of grade ΓÇÿAΓÇÖ office space begins to diminish.