Growing accountant makes Paradise home

A Midlands-based accountancy firm had taken the final space in MEPC’s Two Chamberlain Square at Birmingham’s Paradise development. Dains has agreed to take the remaining 12,147 sq ft on the third floor of the building. It has signed a 10-year lease at a rent of £40.07 per sq ft. The 183,000 sq ft Two Chamberlain Square is already home to tenants including DLA Piper, Atkins Realis, Mazars, Cazenove Capital, Cubo and Knights. Dains has trebled in size over the past two years and now employs more than 650 people. Chief executive Richard McNeilly said: “This is a significant move for Dains because it underlines our commitment to our people and provides them with the very best work environment in terms of location, connectivity, and sustainability. It also demonstrates our investment in Birmingham and the work we carry out here.” Ross Fittall, commercial director at Paradise developer and asset manager MEPC, said: “Two Chamberlain Square has been a hugely successful part of Paradise and has attracted a superb mix of professional services tenants. The addition of Dains, one of the city’s fastest growing independent accountancy firms, underlines the appeal of Paradise and the local, national and global expertise present across the estate.” At almost 2m sq ft, Paradise is delivering up to 10 flagship buildings across 17 acres in the heart of the city. The Paradise redevelopment is being brought forward through Paradise Circus Limited Partnership, a private-public joint venture with Birmingham City Council. The private sector funding is being managed by the international business of Federated Hermes, which has partnered with Canada Pension Plan Investment Board on the first phase of the development and for One Centenary Way. MEPC is the development and asset manager. CBRE acted for Dains; Avison Young advised MEPC and Paradise on the letting. To send feedback, e-mail samantha.mcclary@eg.co.uk or tweet @samanthamcclary or @EGPropertyNews