Birmingham Steals the Property Spotlight in 2013
As i2 Office prepares to move to Brindleyplace, we look at some of the other major property developments that are bringing Birmingham into the spotlight in 2013.
Over the past 12 months, serviced office provider i2 Office has been expanding its portfolio, with the technology-focused business centre operator opening a string of new location during 2012 in Central London, Manchester and Edinburgh.
The new i2 office in Birmingham was the only missing piece of the firms expanding puzzle, but it wasn’t long before this innovative brand moved in on the UK’s second city.
Responding to demand for high quality office space in Birmingham, i2 snapped up two floors (over 28,000 sq ft) of Grade A office space at Three Brindleyplace in the heart of the city, and was named as one of Birmingham’s largest office space lettings of 2012 in the process.
i2 wasn’t the only company looking for office space in Birmingham last year, and in recent months the city has seen plenty of demand and activity. And no doubt the spate of high-profile property developments currently going on in Birmingham is helping to bring this historic and industrious city firmly into the spotlight.
One of the most hotly anticipated developments of central Birmingham is the revamp of New Street station. officebroker.com first blogged about this large-scale transformation back in 2009, and since then we have been tracking the station’s progress with interest.
Although the entire ┬ú600m project is not due for completion until 2015, the first phase of the station’s huge redevelopment is set to conclude in April 2013. Specifically, this includes the renovation of the north side of the building and the introduction of a new north-west corner entrance.
By 2015, the 1960s station and run-down Pallisades shopping centre will be unrecognisable – transformed into a futuristic property clad with glass and reflective steel panels, becoming an important transport, retail and meeting hub for the city.
Elsewhere, the Library of Birmingham is undergoing a ┬ú189m revamp. This is the central part of a much wider regeneration of the city centre, known as the Big City Plan. Located on Centenary Square close to Baskerville House, a prime serviced office property, the new glass-clad library building will be capable of welcoming over 10,000 visitors per day. Set to conclude in September 2013, the library will house millions of different items, ranging from rare books and music files to photographs and even Shakespeare’s works.
An open-air amphitheatre in front of the property completes the scene, providing an attractive outdoor space for events.
The Big City Plan is the most far-reaching city centre development project ever undertaken in the UK, and is set to revive and open up large areas of the city, driving forward the local economy and generating tens of thousands of jobs in the process.
With the New Street revamp and the wide-reaching Big City Plan, not to mention many more exciting renovations planned for Birmingham over the next two decades, it seems the spotlight could be about to get a lot brighter for the UK’s second city.