A company of commercial property experts has committed to extending its stay at its existing Grade A office space in Birmingham. The company, Vail Williams, has agreed to stay at its offices at Four Brindleyplace until at least 2015 in what it describes as being good news for its operations in the Midlands.
Vail Williams has been operating from Four Brindleyplace for the past five year, with the building’s owners Hines Global and operators the Moorfield Group quick to express their satisfaction at signing one of their tenants up to a longer leasehold arrangement.
“Brindleyplace provides occupiers with the perfect balance of accessible, convenient amenities by day and a multitude of bars and entertainment options once the working day is done,” said Jeremy Marchant from Moorfield in a statement on announcing the Vail Williams’ agreement.
“It is a truly unique destination that offers outstanding connectivity, an excellent location and well-deserved reputation as one of the city’s leading business destinations, all of which creates an extremely attractive proposition, both for existing and prospective occupiers,” he went on.
For their part, the commercial property analysts and experts of Vail Williams were keen to stress the importance of close proximity to local transport networks, as well a the quality facilities at Brindelyplace in explaining their decision to remain at the site.
One of the firm’s regional partners Chris Cave said the transport links helps the company service the wider Midlands area and noted that the past 12 months have seen positive financial performance for the company despite difficult economic headwinds.
London’s office markets are generally the most dynamic and expensive in the UK but Birmingham remains a major part of the country’s regional office space markets. According to a recent report from Knight Frank, those regional markets performed notably better than expectations in the second quarter of 2012.