Goldman Sachs takes WeWork space in Birmingham move
Goldman Sachs has signed an agreement with WeWork to take an entire floor at 55 Colmore Row, Birmingham, marking the investment bank’s first step towards establishing a base in the city.
EG understands the bank plans to use the shared office space as an interim location while it looks for more permanent premises for its engineering division. The deal is for two years with an option to take additional space.
Gurjit Jagpal, managing director at Goldman Sachs and head of the Birmingham office, said the office was “world-class”.
Goldman Sachs has signed an agreement with WeWork to take an entire floor at 55 Colmore Row, Birmingham, marking the investment bank’s first step towards establishing a base in the city.
EG understands the bank plans to use the shared office space as an interim location while it looks for more permanent premises for its engineering division. The deal is for two years with an option to take additional space.
Gurjit Jagpal, managing director at Goldman Sachs and head of the Birmingham office, said the office was “world-class”.
“The central location, amenities and workspace geared towards collaboration and flexibility will provide the ideal setting for our newly established presence in Birmingham and a springboard for our ambitions in the city,” he added.
Goldman plans to increase its Birmingham headcount to several hundred over the coming years.
“We are already attracting great talent to join us in the Birmingham office and we are excited to build on the entrepreneurial culture of Goldman Sachs in this new office,” said Jagpal.
It marks the highest profile deal WeWork has struck with a finance industry occupier in the UK since it appointed former HSBC director Nick Giraudeau as global head of financial services sales earlier this year.
Giraudeau, who was a partner at Cushman & Wakefield before becoming HSBC’s global head of corporate real estate, has been tasked with growing WeWork’s portfolio of members in banking, investment and finance more broadly.
He said: “We’re seeing increasing demand from companies across the financial services sector who are recognising the benefits of scalable, flexible space in creating engaging, collaborative workspaces for today’s increasingly hybrid working environment.”
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Photo: Goldman Sachs
