Birmingham City University has struck a deal with Goodman and Birmingham city council to take the first speculative office phase of the 700,000 sq ft Eastside Locks development in the city.
Birmingham City University has 46,000 sq ft of the 55,000 sq ft building under offer and plans to relocate its back-office function to the 420-acre Eastside regeneration zone from its current home at Perry Barr.
Quoting rents for the scheme are £22.50 per sq ft.
The deal marks an expansion for the university at Eastside, which also houses its Parkside campus.
Speaking at the Birmingham Property Development and Investment conference at the Hyatt Hotel on Thursday, GVA senior director and adviser to Goodman, Charlie Toogood, confirmed the building was under offer to “an occupier”. This effectively de-risks the first phase, enabling Goodman to bring forward the second speculative office phase of 80,000 sq ft.
Work started on site last week and completion is due in 2016.
Construction has recently been enabled after the scheme was designated part of the -Birmingham Curzon masterplan.
