Econ­o­mist heads to Sec­ond City

Birmingham Post - - COMMERCIAL PROPERTY -

THE group that pub­lishes The Econ­o­mist is to open new of­fices in Birm­ing­ham city cen­tre to house a tech cen­tre.

The com­pany has agreed a five-year lease for 3,645 sq ft at 60 Church Street.

The firm pub­lishes The Econ­o­mist mag­a­zine and its web­site among other ti­tles and the newly ac­quired space will be used as a tech­nol­ogy cen­tre, sup­port­ing the pub­li­ca­tion’s on­line and dig­i­tal pres­ence.

Land­lord of 60 Church Street, Cat­a­lyst Cap­i­tal, has re­cently com­pleted a £2 mil­lion ren­o­va­tion of the of­fice block which in­cluded a re­mod­elled re­cep­tion.

Sarah Cooper, port­fo­lio man­ager at Cat­a­lyst Cap­i­tal, said: “Hav­ing an oc­cu­pier of the cal­i­bre of The Econ­o­mist at 60 Church Street re­flects just how im­por­tant our in­vest­ment into the re­fur­bish­ment of this build­ing has been.

“The oc­cu­pa­tional mar­ket in Birm­ing­ham re­mains com­pet­i­tive and we are of­fer­ing a rare com­bi­na­tion of a high-qual­ity work­ing en­vi­ron­ment avail­able at a com­pet­i­tive price.”

A spokesman for The Econ­o­mist Group added: “Hav­ing a tech­nol­ogy cen­tre in Birm­ing­ham is a key part of our dig­i­tal strat­egy.”

Ge­orge Jen­nings, a di­rec­tor with prop­erty con­sul­tancy GVA which acted on the deal, said: “The of­fice mar­ket in Birm­ing­ham con­tin­ues to see sig­nif­i­cant in­ter­est from a num­ber of po­ten­tial oc­cu­piers, both look­ing to re­lo­cate within the re­gion and as in­ward in­vestors.”

GVA acted for Cat­a­lyst Cap­i­tal on the deal with The Econ­o­mist rep­re­sented by Cush­man & Wake­field.

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