The Colmore Building

The Colmore Building
Former names Colmore Plaza
General information
Type Commercial
Address Colmore Circus Queensway
Town or city Birmingham
Country England
Coordinates 52°29′0.8″N 1°53′44.6″W / 52.483556°N 1.895722°W / 52.483556; -1.895722
Construction started February 2006
Completed February 2008
Owner AshbyCapital
Height 54 metres (177 ft)
Technical details
Floor count 14 (OG) 5 (UG)
Floor area
  • 320,600 sq ft
  • 22,900 sq ft (Floor Plate)
Lifts/elevators 8
Design and construction
Architecture firm Aedas
Other information
Parking 115 Spaces
Website
thecolmorebuilding.com

The Colmore Building, formerly known as Colmore Plaza, is a 14-storey office building in the Colmore Business District area of Birmingham City Centre.

The building

The Colmore Building is a Grade A office building spread over 14 storeys.[1] It can accommodate lettings of up to 104,000 sq ft across 23,000 sq ft floor plates and has a BREEAM environmental and sustainability rating of 'Excellent'.[2]

Major tenants

Location

The Colmore Building is located in the Colmore Business District, which is Birmingham's main business area.[3] There are around 500 companies located in the Colmore Business District, employing up to 35,000 people and occupying approximately 5.6m sq ft of office space.[4]

Ownership

Colmore Plaza was purchased from The Carlyle Group by real estate investment advisory company, AshbyCapital LLP, for £140m in August 2015, in what was one of the largest single-asset regional deals of 2015.[5] AshbyCapital secured an £80m loan with AgFe to fund the deal.[6] AshbyCapital's other investments include 200 Aldersgate, a 434,005 sq ft office building in the City of London.[7]

Enhancement programme

In January 2016, AshbyCapital announced a £3.5m enhancement programme and relaunched the building under the new name, The Colmore Building.[8] As part of this programme, a coffee house, gym, treatment rooms and cycling facilities, including bicycle parking, changing rooms and a drying room were announced, along with an enlarged and refurbished reception area.[9]

References

  1. ↑ "New gym and café for Colmore Plaza in £3.5m revamp". The Birmingham Post. Retrieved 4 February 2016.
  2. ↑ "AshbyCapital relaunches Colmore Plaza as The Colmore Building and initiates £3.5m enhancement programme". Commercial News Media. Retrieved 4 February 2016.
  3. ↑ "AshbyCapital secures £80m financing for Colmore Plaza in Birmingham". Property Funds World. Retrieved 4 February 2016.
  4. ↑ "Colmore Business District". Colmore Business District. Retrieved 4 February 2016.
  5. ↑ "Ferrari's Ashby revs up with £80m loan for Brum trophy". CoStar. Retrieved 4 February 2016.
  6. ↑ "Ashby Capital secures £80m for Colmore Deal". Property Week. Retrieved 4 February 2016.
  7. ↑ "Ashby Capital confirms purchase of 200 Aldersgate for £225m". Property Mall. Retrieved 4 February 2016.
  8. ↑ "New identity for Birmingham office block". Insider Media. Retrieved 4 February 2016.
  9. ↑ "AshbyCapital relaunches Colmore Plaza as The Colmore Building and initiates £3.5m enhancement programme". Commercial News Media. Retrieved 4 February 2016.
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