The Willis Group has struck a deal with Chord Developments for the biggest office letting in Birmingham’s Jewellery Quarter this year.
The global insurance brokerage firm has taken 10,000 sq ft on a 10-year lease at Chord’s 40 St Paul’s Square development.
Will Monaghan, lease manager at Willis which currently resides within the area, said: “Willis has been established in the Jewellery Quarter for many years and we were keen to remain here.
“40 St Paul ’s Place fitted the bill as it is a landmark building in a convenient location and it offered the space we needed on one floor plate.”
Nick Williams, head of office agency at Savills, added: “40 St Paul’s Square offers a city centre-type specification, in a landmark building, but at two-thirds the rental costs of similar new grade A stock.”
The letting to Willis is Chord’s second following the launch of the commercial space in May this year – construction and fit-out business ISG took 3,314 sq ft last month.
The development, part of the mixed-use St Paul ’s Place scheme, comprises 25,400 sq ft of offices and 148 flats.
Savills and GBR Phoenix Beard are joint letting agents. BNP Paribas Real acted for Willis.
lisa.pilkington@estatesgazette.com
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