Bruntwood SciTech starts work on new technology hub in Birmingham

VaselineJuly 3, 2024

0 2 minutes read

Bruntwood SciTech starts work on new technology hub in Birmingham

Bruntwood SciTech has announced plans to carry out a £4.5m transformation of its Center City building in Birmingham.

Once described as a “crime against architecture”, the 20-storey building will be renovated to become a major technology hub, the company said.

“Centre City will offer unrivaled accessibility and modern amenities, making it an attractive destination for companies looking for state-of-the-art workspace, but it is also one of the only floor plates of its size available in the city centre, making it currently a truly unique. proposal,” said Andy Riach, director of agent Lambert Smith Hampton.

“We have no doubt that demand will be high for this market-leading workspace and we look forward to seeing the positive impact this project will have on the local business landscape.”

The 210,000 sq m building, originally built in the 1960s, will provide state-of-the-art workspace in a prime city center location, close to both New Street Station and the Bullring Shopping Centre.

Work on the site is due to be completed in January next year, with developers saying they are likely to give it a new name.

According to Bruntwood SciTech, it will offer co-working and pay-as-you-go options alongside its existing leased offices, offering flexible and scalable options to companies at various stages of growth.

Flexible units ranging in size from 7,500 to 23,000 sq ft will be available in the building; Businesses already based there include the Ministry of Justice, the Water Regulatory Authority, Citizens Advice, Hitachi and one of the UK’s largest insurance companies, Liverpool Victoria.

“This project provides a unique opportunity for businesses to thrive in a dynamic environment, supported by convenient access to Birmingham’s extensive transport network and vibrant retail offering,” said Mohammed Ali, senior asset manager for Bruntwood SciTech.

“As we progress construction, we look forward to welcoming a diverse range of leading organizations to this revitalized landmark, further cementing Birmingham’s reputation as a premier destination for business growth.”

This is just the latest of Bruntwood SciTech’s investments in Birmingham, following projects that include the Cornerblock workspace, ongoing developments at the Birmingham Health Innovation Campus and Enterprise Wharf at Innovation Birmingham.

Birmingham itself is growing as a tech hub, with the West Midlands named the UK’s fastest growing tech hub in a government report two years ago.

Earlier this year, Beauhurst named Birmingham as the UK’s fourth largest business centre, with 598 active businesses and strong growth. Firms in Birmingham turned over a total of £5.93bn last year, with an average turnover of £41.4m per company.

Startups and scaleups in the city have an average of 73 employees per business, higher than Edinburgh, Manchester and Bristol.

Since the start of 2013, the city has raised £543m in fundraising across 465 rounds and research from Beauhurst shows it is on course to break the record for capital investment raised this year.

VaselineJuly 3, 2024

0 2 minutes read

Vaseline

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