Highly Sought After New Tenants Step Into The Arena
Birmingham recently secured a further bright feather in its cap after a high-profile government department confirmed it will be bringing thousands of employees to a purpose-built new home in the city.
In what is thought to be the city’s largest pre-let deal in a decade, HM Revenue & Customs has signed an agreement to locate its new West Midlands regional hub at the Arena Central complex in the Broad Street area of the city centre.
The department has signed a 25-year lease on the 3 Arena Central site, which will house around 3,600 staff from 2022 in a new 14-storey, 240,000 sq. ft. facility. Demolition and clearance work at the site is now due to commence imminently with the building set to be handed over for final fit out in spring 2020.
Designed to be an innovative facility that will facilitate smarter working, the exterior is set to feature a striking geometric pattern of hexagonal metallic panels in keeping with the highly desirable and contemporary aesthetics of the wider area. Plus, with cycle spaces and a new pedestrian route across the site, the development is set to embody Birmingham’s ongoing evolution into a truly connected city.
HMRC is the latest high-profile tenant to choose central Birmingham as a new location for thousands of employees, with global banking giant, HSBC set to occupy an adjacent property at 1 Centenary Square as the headquarters of its new ring-fenced retail banking division from 2018.
This deal represents a further huge vote of confidence in the second city. With such a compelling proposition in terms of location, accessibility and relative affordability, it’s little wonder there’s so much capital currently being dedicated to developing infrastructure across the city.
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