Ireland's Ballymore Properties has concluded the pre-letting of approximately 250,000 sq ft (76,200 m2) of office accommodation to UK law firm Wragge & Co at Two Snowhill, the second office building at its 1 million sq ft mixed-use Snowhill development. The deal represents the largest ever pre-let in Birmingham’s city centre, Ballymore said.
Ireland's Ballymore Properties has concluded the pre-letting of approximately 250,000 sq ft (76,200 m2) of office accommodation to UK law firm Wragge & Co at Two Snowhill, the second office building at its 1 million sq ft mixed-use Snowhill development. The deal represents the largest ever pre-let in Birmingham’s city centre, Ballymore said.
Tim Wells, Ballymore Commercial Director said: 'We are delighted to have secured this pre-letting, and with Wragge & Co we add another world-class business to Snowhill. Not only is it great news for Birmingham - any forward commitment on this scale demonstrates a firm belief in the city’s strength - it reinforces Snowhill at the heart of Birmingham’s future.'
Designed by Siddell Gibson as the sister building to One Snowhill, (which is already part pre-let to KPMG), Two Snowhill will total approximately 320,000 sq ft of Grade A office accommodation, arranged over 14 storeys, overlooking the scheme’s Central Boulevard and new public open spaces. Construction of Building 2 is to commence in June with completion in 2011.
Of its proposed move from its existing offices at 55 Colmore Row, Ian Metcalfe, Managing Partner of Wragge & Co said: 'We are extremely happy to have secured this world-class office at Snowhill. We are delighted to have secured our place in such a vibrant, pioneering scheme within Birmingham’s city centre.'
Ballymore’s 1 million sq ft Snowhill development is one of the largest redevelopment projects underway in Birmingham, and is billed as a model for mixed- use, sustainable regeneration.
DTZ and Atisreal acted for Wragge & Co in the transaction, while CB Richard Ellis and Colliers CRE are the letting agents at Snowhill.
