Growth prompts Godwin to move to top new Birmingham office address
Godwin Developments has taken the top floor of one of Birmingham’s most prestigious office addresses as its new West Midlands headquarters.
The UK-focused regional property development and investment company is moving from its current Colmore Row address to the newly refurbished One Newhall Street, due to pressure on space.
In the past year, staff numbers have increased by 60 per cent as the firm’s growing number of regional projects has expanded.
Godwin Developments has taken the top floor office space on a ten year lease, in a deal which includes a 1,750 sq ft terrace with views across central Birmingham and beyond.
Stuart Pratt, Group Development Director and Co-Founder of Godwin Developments, said: “We are delighted with our new offices in Birmingham which will allow us to accommodate the expansion plans we have for the coming years.
“The additional space inside the office is complemented by the outside terrace and we are particularly pleased with this as we hope our clients, team and partners will benefit from the central location, great views and well thought out space we are now occupying.”
Godwin Developments is the first tenant to take space in the 50,000 sq ft building which has been fully refurbished to a Grade A standard by the Ardstone Regional Office Fund, a programmatic venture funded by clients of CBRE Global Investment Partners (“CBRE GIP”).
The refurbishment work, and eighth floor fit out by Office Innovations, has seen the installation of a fully glazed façade fronting Newhall Street, the expansion of floorplates on all floors and a greatly enhanced and refurbished reception area.
Joint letting agents are GVA and JLL.
George Jennings, Director in the offices team at GVA based in Birmingham, said: “Godwin Developments is the first occupier to take space at One Newhall Street following completion of the comprehensive programme of works which has brought new life to this building.
“One Newhall Street has secured a rental value of £30 per sq ft for this suite, which is a testament to the quality of the works and level of refurbishment.
“One Newhall Street occupies a prestigious position just off Colmore Row. It is a prime example of what can be accomplished through the refurbishment of existing stock to meet Birmingham’s continuing demand for well located, high quality office space.”
Godwin Developments was advised by Aaron Chandler of Birmingham law firm Emms Gilmore Liberson and Marcus Hayes of Bespoke Office Space Solutions (BOSS). The Ardstone Regional Office Fund was advised by Pinsent Masons LLP.
Godwin Developments is an established regional developer which currently has ongoing residential and commercial developments across the UK including retail and private sector schemes.
Godwin has offices in Birmingham, Nottingham and London.