The remaining office space at 55 Colmore Row in Birmingham has been let to WeWork. The deal marks the shared workplace provider’s first presence in the city.
WeWork’s deal is the shared workplace provider’s first in the city and has seen it take three floors of space at the grade II-listed building.
The property is owned by Nuveen Real Estate’s European Cities Fund and was originally built in 1878.
It underwent a £30m redevelopment in 2015 and an additional floor was added to the top of the building while the listed banking hall was refurbished and repurposed as a shared reception.
It is the operational headquarters to the Royal Institution of Chartered Surveyors (RICS) while Savills and Pinsent Masons also occupy space and Gaucho and Fazenda are based in the restaurant units.
Luke Duckworth, portfolio manager at Nuveen Real Estate, said: “WeWork is the most exciting brand in the co-working sector.
“They have made no secret of their ambitions to get a foothold in Birmingham and we’re thrilled to have secured them at 55 Colmore Row.”
Mathieu Proust, general manager WeWork UK and Ireland, added: “I’m pleased to announce our expansion to Birmingham, the fifth city for WeWork in the UK.
“We’ve recently welcomed our 100,000thmember to WeWork in EMEA, and I’m excited to be continuing to grow our presence in the UK – our second largest market worldwide – where we’re home to a flourishing community of over 45,000 members.”
CBRE and Savills are joint letting agents at 55 Colmore Row.
WeWork will occupy the ground, third and fourth floors of the building.
Fit-out will start in June, with a target opening date in the fourth quarter.
JLL advised WeWork on the deal.