Business HE provider takes 1 Brindleyplace as new campus
Global Banking School has signed a 15-year lease for Birmingham’s 1 Brindleyplace.
The finance and business education provider has signed with asset manager Macquarie Asset Management for the entire 69,000 sq ft building. The asking price for the building stood at £19.50 per sq ft.
James Kennedy, deputy chief executive at GBS, said: “This expanded footprint will allow us to even better serve the Birmingham community, a city in which we are proud to have a presence.”
Global Banking School has signed a 15-year lease for Birmingham’s 1 Brindleyplace.
The finance and business education provider has signed with asset manager Macquarie Asset Management for the entire 69,000 sq ft building. The asking price for the building stood at £19.50 per sq ft.
James Kennedy, deputy chief executive at GBS, said: “This expanded footprint will allow us to even better serve the Birmingham community, a city in which we are proud to have a presence.”
The Brindleyplace campus will be GBS’s third in Birmingham, adding to Fazeley Studios in Digbeth and Norfolk House in Smallbrook Queensway. GBS is a part of Global Education, which operates 10 campuses across London, Birmingham, Leeds and Manchester.
1 Brindleyplace was the first office building to be completed as part of the wider mixed-use development. Originally occupied by Vodafone, in 2008 the building was let to Deutsche Bank, in what was then the biggest office letting in Birmingham.
More recently it was home to the Birmingham Organising Committee of the 2022 Commonwealth Games.
Theo Holmes, senior director and head of office agency at CBRE in Birmingham, which advised Macquarie on the letting, said: “The repurposing of office space for education use is a trend that continues to gather pace in Birmingham.
“Space requirements of education providers are very similar to office occupiers. When coupled with access to local amenities and good transport links, it’s easy to see why an increasing number are choosing this route to establish and expand their campuses in the city.”
Among the most notable education sector deals in the last 18 months, are QAHE’s 45,000 sq ft letting at Louisa Ryland House, Arden University taking an additional 24,000 sq ft in Crossway House and University College Birmingham’s acquisition of 45,000 sq ft at Baskerville House.
Check out lettings information in Birmingham >>
Photo © CBRE
