Refurbishment complete at Birmingham office scheme

Salmon Harvester Opportunity Fund presents refurbished office space at One Victoria Square

Article posted: 31 Aug 2011

Salmon Harvester Opportunity Fund has completed the refurbishment of office space in Birmingham City Centre on the 9th floor of One Victoria Square.

Finished to a high quality standard the 9th floor will provide over 6,500 sq ft of bright and spacious office accommodation with panoramic views across Birmingham City Centre.

The 118,000 sq ft multi-let offices were acquired for £17.5m by Salmon Property back in January. The property comprises two modern interconnected office properties situated in the heart of Birmingham City Centre some 200 metres from New Street Station on the south west corner of Victoria Square. Tenants include The Secretary of State, Regus and The Lloyds Banking Group.

Earlier this month Salmon Property together with NFU Mutual purchased the Three Glass Wharf development site on the waterside at Temple Quay, Bristol from PwC, the administrators to Castlemore.

The 0.3 acre plot – within the newly designated Enterprise Zone - has planning permission for 130,000 sq ft gross of mixed use development including residential, retail and primarily office space in Bristol city centre.

Office rents at Temple Quay are circa £27 per sq ft and if built and fully let Three Glass Wharf would have an end investment value of circa £40m.

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Posted by Jules