Royal Bank of Scotland (RBS) is looking to sign central Birminghams largest-ever office prelet.
It has emerged that RBS has a 350,000 sq ft (32,515 sq m) office requirement and has been in negotiations with the developers of four of the citys highest-profile schemes. Snow Hill, Arena Central, Brindleyplace and the Birmingham Post & Mail site are all on a confidential shortlist of potential locations for RBSs Midlands HQ.
The news follows RBSs recent decision to take a 500,000 sq ft (46,450 sq m) prelet in buildings at Allied Londons Spinningfields scheme in Manchester.
A source close to the company said the requirement has been a tightly guarded secret. “This requirement has come out of nowhere,” he said. “RBS is looking for large floorplates of 40,000 sq ft.”
For more details, see this Saturday’s Estates Gazette.
EGi News 07/12/01
