The biggest office deal this year in central Birmingham completed this week.
Government agency the Insolvency Service has taken 42,000 sq ft at Nurton Developments’ £25m refurbished Cannon House, Colmore Circus Queensway, as revealed in Property Week 24.08.07.
The Insolvency Service, part of the Department for Business Enterprise and Regulatory Reform, has taken levels 3 and 4 of the building as its new Midlands headquarters. It will relocate from Ladywood House in Stephenson Street in spring 2008.
Ken Horan, head of property, services and procurement with the Insolvency Service, said: 'This project is an important opportunity to underpin our transition to new ways of working, enabling increased business performance, while optimising the use and value we achieve from our estate.
'Cannon House has provided us with an ideal platform to achieve this, as well as put us in the centre of the business community we serve.'
Refurbishment
Around 30,000 sq ft is still available at Cannon House, which was relaunched following the refurbishment at the start of 2007.
Nurton has also just got the go-ahead for the second and final phase of the £25m redevelopment of Cannon & Priory in the city centre. Work will begin in January 2008 on the 40,000 sq ft of penthouse office suites.
GSD and GVA Grimley acted for Nurton Developments and King Sturge acted for the Insolvency Service.