Coutts & Co banks on Church Street

The “Queen’s Bank” relocates to new offices in Birmingham

Article posted: 20 Feb 2011

Bankers to the rich and famous, Coutts & Co, are relocating to new office space in Birmingham. The bank will occupy the top two floors of 45 Church Street vacating existing space at Wellesley House, Waterloo Street.

The UK private banking arm of the Royal Bank of Scotland, has taken a 10 year lease on 6,500 sq ft of office accommodation in penthouse-style office some of the most stunning panoramic views over the city centre and the wider Birmingham conurbation.  

Coutts & Co joins Mazars chartered accountants and King Sturge property consultants as occupiers of the building. GBR Phoenix Beard and DTZ acted for owners Standard Life Investments and Coutts & Co were advised by GVA.

Ben Thacker, Head of Office Agency at GBR Phoenix Beard, commented: "The market took a hit a couple of years ago and while it is still going through some difficulties, it is good to see professional services and particularly the financial sector taking space again.  I think this deal shows that there are businesses looking to take advantage of conditions at the top end of the market."

David Stewart, Fund Manager, Standard Life Investments commented: “45 Church Street has been refurbished to provide a Grade A specification building offering occupational flexibility and efficiency. Combined with its prominent location in the heart of Birmingham’s business district, the building is an attractive proposition for high profile occupiers seeking headquarters accommodation.”

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Posted by Dan