Birmingham Business Park welcomes two new occupiers to Bishops Court, as demand for office space in Birmingham’s out-of-town office market continues, but supply runs low.
A total of over 12,000 sq ft of office space has been let across deals with two new occupiers, GP Strategies and CREATE Fertility. Having both taken space at Bishops Court, the office scheme on Birmingham Business Park is now at its highest level of occupancy since it was constructed. KWB markets the office space at Bishops Court along with joint commercial property agents JLL and GVA.
The larger letting saw training consultancy, GP Strategies, take 8,200 sq ft at 6230 Bishops Court. Their relocation to the newly refurbished offices at Birmingham Business Park is as a result of their drive to be located closer to Birmingham Airport for links to their US parent company. GP Strategies had been looking for a self-contained office building, preferably near the motorway for ease of the staff commute, and the Business Park was held to be the ideal location.
The second letting took place at 6260 Bishops Court, where pioneers of Natural and Mild IVF treatment, CREATE Fertility, has taken 4,000 sq ft of office space.
KWB Director, Mark Robinson, commented: “CREATE Fertility required excellent transport links which meant that the Park was the logical location for them. Access to the motorway network is a major draw to occupiers searching for office space in Solihull, and Create recognised this advantage for the ease of their clients.”
These properties were let on behalf of US investment management company, BlackRock, who recently purchased a number of phases on Birmingham Business Park. The Bishops Court scheme is now at its highest ever level of income generation, following these two lettings, affirming the return on investment that BlackRock can expect to see.
Mark Robinson continued: “Bishops Court is in its best ever position after these lettings and that highlights the continued appeal of Birmingham Business Park as a whole, above the competing locations for offices in Solihull and the M42 corridor. The Park can still accommodate more occupiers, but supply in the region as a whole continues to reduce, because demand is sustaining.”