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Property


Sector Focus Office welcomes a new crowd


A specialist property lending company has relocated to 54 Hagley Road, in Edgbaston, Birmingham, to accommodate its growing team. Crowd Property has moved from


serviced offices at Crown House to the nearby 16-storey office building, after signing a five-year lease for a 2,198 sq ft, second-floor suite in the east wing.


‘It’s great news to attract yet another fast-growing and ambitious business’


Andrew Hall, co-founder and


property director at Crowd Property, said the move was necessary after expanding its team from just four employees two years ago to 32 people now. In that time, the business has lent


more than £50m to the residential development and bridging market, and returned more than £20m to its lenders. Mr Hall, formerly development


director of Hortons, said: “Because we are a young company, we’d outgrown our space and needed


better accommodation. We looked in the area at available offices and 54 Hagley Road offered us the most appropriate space for what we need and to take on the next stage in our growth.” He said the arrival of West


Midlands Metro, which will stop outside of the front door when the Edgbaston extension is completed in 2021, and the fact that the


building was located outside the proposed ‘Clean Air Zone’, were also attractive propositions. George Jennings, director at


letting agent Avison Young, said: “It’s great news to attract yet another fast-growing and ambitious business to 54 Hagley Road. Edgbaston is a prestigious address for any Birmingham-based company, without the rent burden


On the move: Andrew Hall (left) and George Jennings outside 54 Hagley Road


that those in the heart of the city centre have. It’s clear the west side of the city is the place to be.” Crowd Property’s relocation


comes just weeks after another firm – accountant BW Tax – announced it was moving from Crown House to 54 Hagley Road. The firm has agreed an eight-


year lease for a 1,350 sq ft office on the 15th floor.


February 2020 CHAMBERLINK 93


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