Sector Focus


Office space take-up falling


Take-up of office space across the ‘Big Nine’ cities during the first quarter of 2017 was at its lowest level for five years – but enquiries and business confidence remain high in Birmingham. This is the key finding from


the latest edition of the quarterly Big Nine report, published by real estate adviser GVA. Transactional activity within Birmingham city centre came in 45,000 sq ft short of the five year average, totalling 136,203 sq ft. This is a reflection of the


overall national picture, with take-up across all nine key regional cities coming in at 998,000 sq ft, 23 per cent down on the five year quarterly average. The most significant city


centre letting of the period was the 20,000 sq ft secured by construction company Arcadis at Bruntwood’s Cornerblock which is currently undergoing a significant refurbishment.


Property The Grand opens its doors


The award-winning redevelopment of The Grand, one of Birmingham’s most iconic buildings, will be completed with the opening of a 180-bedroom hotel. Hortons’ Estate, owner of the


Grade II listed building on Colmore Row, has signed a conditional partnership agreement with the Principal Hotel Company, which owns and operates 39 hotels across the UK. The hotel at The Grand is Principal’s first investment in Birmingham. In addition to the 180 bedrooms and suites, the hotel will include extensive conferencing and banqueting space, including the historic Grosvenor Suite, a restaurant and bar, a spa and the city’s first rooftop infinity pool. The hotel is scheduled to open in


early 2019. The Grand was developed by the


Horton Family between 1879 and 1895 and contained shops, offices and the Grand Hotel, which the family ran until 1969. The hotel closed in 2002. Since 2009 Hortons’ Estate has


invested £25m in the restoration of the building resulting in the creation of ten new shops and 11,000 sq. ft of offices fronting


Revo Compliance Services


Revo Compliance Services focuses on delivering statutory testing to its clients; giving customers peace of mind that their responsibilities governed in law are satisfied.


Revo Compliance’s primary focus: • Electrical and fire system testing and supply.


• This includes periodic inspections, fire alarms, emergency light and portable appliance testing and fire extinguishers.


Without the worry and pressure of having to chase down contractors for quotes or to complete works, the client is free to focus on the core business.


The Grand on Colmore Row


‘We have always believed that the restoration of The Grand would not be complete if it did not include a luxury hotel’


Colmore Row, together with significant re-modelling of the interior of the former hotel. Tony Green, chief executive of


Hortons’ Estate, said: “We have always believed that the restoration of The Grand would not be complete if it did not include a luxury hotel. After considerable time and effort we have chosen to work with Principal on the project because of their impressive track


record working on similar buildings in other major cities.” Principal Hotel Company is part


of American private investment firm Starwood Capital Group. Cody Bradshaw, managing


director and head of European hotels at Starwood Capital Group, said: “The Grand is a magnificent building in a great location. I have no doubt it can once again become the best hotel in the city.”


National Delivery Capability, with a Strong Midlands Base.


For further details call Managing Director, Ken Passey on 07917 004939 or Email: ken.passey@revo.uk.com


Head Office: 23­24 The Arches, Alma Road, Windsor, Berkshire SL4 1QZ Registered Office: Belmont Place, Belmont Road, Maidenhead, Berkshire SL6 6TB. T: 01753 829980 64 CHAMBERLINK July/August 2017


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