Rents at a Birmingham office development on Newhall Street have been cut from £28/sq ft to £25/sq ft to attract an occupier.

The West Midlands Metropolitan Authorities Pension Fund, the owner of 35 Newhall Street, has reduced the rent in order to generate more interest in the building.

Last year 35 Newhall Street was refurbished to the tune of £7m.

Theo Holmes, senior surveyor at CBRE and joint agent on the scheme with KWB, said: 'This revised rent compares very favourably to buildings of the same specification in Birmingham and as such we are expecting occupier interest to increase significantly.