KWB takes Topaz offices in Bromsgrove from conception to completion, to fully occupied

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KWB seals the final deal on the highly successful 45,000 sq ft Topaz office park in Bromsgrove. Working with commercial property developer Maximus, KWB has seen this development from conception through to completion, and now to full occupation. The lack of remaining office space in Bromsgrove is now solid grounds for investment, says Malcolm Jones.

With Topaz now fully occupied, and KWB’s letting of 7,158 sq ft at Barnsley Hall to the NHS Redditch & Bromsgrove Clinical Commissioning Group, it is clear that businesses are faced with an extreme shortage of available office space in Bromsgrove.

The most recent transactions at Topaz, featured below, which are a mixture of both freehold and leasehold, are testimony to the attraction of Bromsgrove as an office location and its regional catchment which extends to Solihull, Birmingham, Quinton, Halesowen and Redditch, due to the M5/M42 accessibility.

Office unitOccupierOffice space
Unit 1New HQ for national recruitment company The Best Connection7,268 sq ftLargest deal for office space in Bromsgrove for 2014
Unit 3/Unit 4 first floorIT infrastructure provider, Prestige Technology Solutions4,162 sq ftRelocate their head offices from Halesowen
Unit 6 ground floorSwedish bank, Handelsbanken1,593 sq ftNew branch office
Unit 6 first floorSoftware provider Fuelsoft1,400 sq ftMoved from their former offices in Redditch
Unit 7/Unit 8 first floorUTC Carrier4,185 sq ftRelocated Mitsubishi air conditioning business
Unit 8 ground floorInstinctive Technologies/ATS Reach1,400 sq ftMoved from their offices in Solihull at Blythe Valley Business Park

Jon Hickton, Managing Director of Maximus said “KWB has acted on Topaz from the outset. Their in-depth knowledge of the local area, their strong regional coverage and their exclusive focus on offices have ensured a great return on our commercial property investment, with the office park now fully income producing.”

This drought of available office space in Bromsgrove is a call to action for commercial property developers and landlords to refurbish any existing stock that may be left in the area and to consider new build office schemes. Whilst this is an epidemic of requirement across greater Birmingham, nowhere is it more prevalent than in Bromsgrove.

Malcolm Jones (pictured right) confirmed: “There’s probably only about 20-30,000 sq ft of office space in Bromsgrove now remaining, and only a small percentage of that is really of a competitive quality. The rest requires refurbishment in order to appeal to occupiers looking to relocate within the area.

“As a result of this, there is currently very little opportunity for companies to find office space in Bromsgrove, with places such as Redditch heading in exactly the same direction.”

KWB is keen to work with commercial property developers and landlords who are considering new office schemes or who have upcoming vacant office space in Bromsgrove and surrounding areas.

For more information, please contact Malcolm Jones on 0121 212 5992 or by email.