DAC BEACHCROFT RELOCATES TO TRICORN HOUSE
Law firm DAC Beachcroft is relocating its Birmingham office to Tricorn House in Edgbaston.
The firm has taken 40,000 sq ft on the fourth, fifth and part of the third floor at the building on the Hagley Road. It has agreed a ten-year lease with the landlord, CEG.
DAC Beachcroft, which has ten offices in the UK, employing 2,200, including 375 in Birmingham, is moving from 9 Brindleyplace.
The firm will join existing tenants at Tricorn House, which include Housing 21, Perkins Slade and FIS. There is currently 18,000 sq ft of vacant space in the building.
Savills acted on behalf of DAC Beachcroft. GBR Phoenix Beard are joint agents with CBRE on Tricorn House.
Theo Holmes, associate director in the office agency team at CBRE in Birmingham, advised CEG on the letting.
Tricorn House is a unique proposition in Birmingham, in so much as that it offers good quality, high specification office accommodation on large efficient floorplates, with lower total occupancy costs compared to the city core.
This part of the city is seeing a lot of new investment and development, particularly in terms of new leisure facilities, with the new Park Regis Hotel soon to open, which will provide four star accommodation and conference facilities, and new commercial and residential space, such as Seven Capital’s No.1 Hagley Road, Landsdowne House and Broadway, Five Ways, schemes.
Together, these developments are helping to attract more residents and businesses to the area.