Real estate adviser, DTZ has acquired 29,996 sq ft of office
space in Birmingham city centre on behalf of Network
Rail.
Network Rail has taken the space at Norfolk House on Smallbrook
Queensway on a five year lease. GBR Phoenix Beard acted on behalf
of the landlord, Moredun LP, representing Buccleuch Property,
Edinmore and Dundas.
Matt Long of DTZ commented: "DTZ worked closely with Network
Rail to establish their spatial requirements and following a
comprehensive search of the city centre, Norfolk House was
identified."
Network Rail will be using the space to accommodate its
administration and ancillary functions whilst New Street station
undergoes redevelopment.
Nick Waugh of Buccleuch Property commented: "Network Rail is
clearly an ideal tenant for Norfolk House, which is situated just
yards away from the backdoor of New Street station. We are pleased
to be working with Network Rail on this flagship project."
John Griffiths of GBR Phoenix Beard, added: "Norfolk House's
strategic location adjacent to New Street station, coupled with its
large, clear floorplates have again resulted in a rapid re-letting
of this landmark building."
Derek Owen, Estates Manager at Network Rail, said: "We required
good quality accommodation in close proximity to New Street Station
and Norfolk House proved to be the ideal option whilst the
redevelopment of the station takes place."
DTZ and GBR Phoenix Beard are marketing the fifth floor of
Norfolk House which is currently being refurbished to provide
smaller suites, available on flexible lease terms.