GBR Phoenix Beard, now part of international real estate advisor Savills, has advised Canada Life Investments on the leasing of office space at Cathedral Place in Birmingham city centre to Oxygen Finance Ltd.
The firm has agreed a new five-year lease for the property’s 2,035 sq ft (189 sq m) fourth floor, which features modern office space behind a period façade, and will pay a rent of £48,840 per annum. The landlord has recently carried out extensive improvement works throughout the building including a reception refurbishment and addition of Caffe Nero on the ground floor, with further plans to covert the basement in to cycle storage space and shower facilities.
Located on the corner of Temple Row West and Waterloo Street, Cathedral Place sits within Birmingham’s prime office district and overlooks St Philip’s Cathedral. The property has attracted a number of high profile occupiers including global insurance firm Markel, Springboard Corporate Finance and recruitment firm Greenwell Gleeson.
Joe Shorney, surveyor in the offices team at Savills, comments: “We are pleased to have secured this deal with Oxygen Finance, which further underlines the reputation of Cathedral Place as a destination for leading global firms. There is now just one floor of available space remaining and we expect high levels of occupier interest.”
Knight Frank represented Oxygen Finance Ltd. GBR Phoenix Beard acted jointly with Cushman & Wakefield.