The_Colmore_Building

The Colmore Building

The Colmore Building

Commercial in Birmingham, England

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

Quick Facts Former names, General information ...

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 and The Avenue, an office and retail building on the corner of Bedford Avenue and Tottenham Court Road in London’s West End.[7][8]

Enhancement programme

In January 2016, AshbyCapital announced a £3.5m enhancement programme and relaunched the building under the new name, The Colmore Building.[9] 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.[10]

References

  1. [1]
    "New gym and café for Colmore Plaza in £3.5m revamp". The Birmingham Post. Retrieved 4 February 2016.
  2. [2]
    "AshbyCapital relaunches Colmore Plaza as The Colmore Building and initiates £3.5m enhancement programme". Commercial News Media. Retrieved 4 February 2016.
  3. [3]
    "AshbyCapital secures £80m financing for Colmore Plaza in Birmingham". Property Funds World. Retrieved 4 February 2016.
  4. [4]
    "Colmore Business District". Colmore Business District. Retrieved 4 February 2016.
  5. [5]
    "Ferrari's Ashby revs up with £80m loan for Brum trophy". CoStar. Retrieved 4 February 2016.
  6. [6]
    "Ashby Capital secures £80m for Colmore Deal". Property Week. Retrieved 4 February 2016.
  7. [7]
    "Ashby Capital confirms purchase of 200 Aldersgate for £225m". Property Mall. Retrieved 4 February 2016.
  8. [8]
    "Bennetts Associates' new block is plugged in to Tottenham Court Road". Architects Journal. Retrieved 2017-04-24.
  9. [9]
    "New identity for Birmingham office block". Insider Media. Retrieved 4 February 2016.
  10. [10]
    "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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