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Old October 17th, 2019, 06:44 PM   #1941
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National unemployment figures should be three million higher, says research.


www.theguardian.com/business/2019/oct/17/unemployment-figures-should-be-millions-higher-says-research


Birmingham would be the fifth highest unemployment area in the country according to the figures.
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Old October 23rd, 2019, 09:53 PM   #1942
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Quite a lot of news in here Post & Mail possibly back from the dead? Although cant see it happening.

Quote:
BT has shortlisted two offices for its 200,000 sq ft HQ in Brum but is understood to be in talks for as much as 70,000 sq ft of short-term space too.

BT is thought most likely to choose M&G's 400,000 sq ft Three Snowhill for its 200,000 sq ft-plus requirement.

The central Birmingham office market is on target to beat last year but expectations that it will smash the 1m sq ft mark have been dampened by market consensus that BT will not sign for its 200,000 sq ft-plus headquarters until the first quarter of 2020.

Market sources expect lawyer DLA Piper, advised by Avison Young, to complete a lease for up to 50,000 sq ft in the fourth quarter.

BT, advised by JLL, is thought most likely to choose M&G Real Estate's Three Snowhill. It has also shortlisted Chatham Billingham's proposed redevelopment of the Post & Mail Building in the city centre, market sources said.

It is thought that either building would take over a year to fit out for BT, leading to an immediate requirement for up to 70,000 sq ft of short-term space in the city.

Market sources said BT is negotiating to take a significant amount of space from IWG's Spaces coworking business at AG Dunedin's The Crossway on Great Charles Street, where it signed for 76,000 sq ft of space last year.

Separately, there is market speculation that HSBC is in talks to take around 40,000 sq ft of short-term space from US coworking group WeWork at 6 Brindley place.

According to BNP PRE, availability of Grade A stock stands at circa 841,000 sq ft at Q3 2019, equivalent to 5% of stock. Of this circa 400,000 sq ft is accounted for by M&G’s Three Snowhill scheme.

Prime rents stand at £34 per sq ft, which represents 3% annual growth.
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Old October 30th, 2019, 02:51 PM   #1943
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https://twitter.com/tradegovuk/statu...0832617947136?


Birmingham, the UK's second city, is part of the leading regional location for attracting foreign direct investment outside of London & the South East. businessleader.co.uk/what-makes-bir

It is also a front-runner in the race for transport tech
#InvestinGREAT

The department for trade know who the second city are also great video for brum too
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Old November 6th, 2019, 06:25 PM   #1944
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Birmingham office market set for record-take-up and rentals

An aerial shot of Birmingham city centre Birmingham city centre
Property | November 06 2019 | Rachel Covill
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Birmingham’s office market is poised to outperform other regional cities, with a booming jobs market contributing to increasing levels of take-up resulting in higher rents.

Between 2019 – 2024, CBRE claims more than 15,000 jobs are predicted to be created in the city. Around 35 per cent of those will be in professional and business services, the creative industries, real estate and public sector.

“In other words, desk jobs,” said Ashley Hancox, CBRE’s head of office advisory and transaction services for the UK regions. “We calculate that Birmingham will require 1,300,000 sq ft of state-of–the-art office space to accommodate these workers.”

These roles will be generated as a result of regional mergers and acquisitions, consolidation and new businesses coming to the city, attracted by cost effective talent and a desire to operate from a key transport and amenity hub.

Demand for office space in the city is already encouraging. The city boasts the best development pipeline of any regional city, with two million sq ft of space available within the next 12 months equating to a two-year supply.

Government departments are among those looking for a new home in Birmingham.

Hancox said: “As part of the GPU Hubs programme, HMRC and the Department for Work & Pensions have already acquired around 340,000 sq ft, but these lettings are just the tip of the iceberg. The government has aspirations to consolidate and improve the efficiency of their property stock, reducing the costs and their exposure to London. Birmingham is unrivalled in terms of connectivity. More deals will come.

“In addition to public sector requirements, corporates such as BT and professional services firm Atkins are seeking to consolidate their operations in the city.”

Hancox also believes there is considerably more headroom in the flexible office market sector. In CBRE’s recent occupier survey, half of those interviewed said serviced or furnished offices were their preferred format for the future, with 46 per cent confirming they would be using flexible space within the next three years.

“We anticipate that flexible office space will account for around 15 per cent of total stock in the foreseeable future. Even with the recent take-up by WeWork and IWG, flex offices currently account for just six per cent of the office market in Birmingham. There are a number of new operators targeting the city and it won’t be too long before they too commit to space.

“Notwithstanding this trend we do still see a need for core occupational space supplemented by more flexible solutions,” he added.

Increased demand for new space will translate into higher rentals, with CBRE predicting annual growth and the high watermark of 40 per sq ft being breached within the next five years.

Hancox said: “The market fundamentals are robust. The anticipated growth in the jobs market, rental growth and occupier demand, reinforced by the retention of graduates and in-migration of a well-qualified workforce, mean the outlook for the city is very positive.”

Developers and landlords are having to adapt their products, however, as occupiers increasingly expect more from their space.

Nick Wright, senior director, strategic advisory at CBRE: “As the jobs market in Birmingham grows we are seeing an increasing focus on how buildings and offices help improve staff efficiency and productivity.

“Labour and skills shortages as well as employee engagement and talent retention are now boardroom issues. Buildings are fast becoming the representation of an organisations’ corporate goals and selecting the right building is now a decision made not just by the property manager, but heads of human resources, brand/marketing and security. They are all influenced by the building characteristics, services and amenities and this is something landlords now have to be mindful of.”

https://www.thebusinessdesk.com/west...up-and-rentals
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Old November 6th, 2019, 11:44 PM   #1945
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A Nottingham engineering consultancy has expanded with the launch of an office in Birmingham city centre.

HSP Consulting Engineers has opened its new premises in Birmingham’s Colmore Building.
https://www.thebusinessdesk.com/west...mingham-office
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Old November 7th, 2019, 01:05 AM   #1946
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Birmingham is in the running to host the world’s leading conference and exhibition about Intelligent Transport Systems in 2024.
Transport for West Midlands Director of Policy, Strategy & Innovation, Mike Waters told the ITS (UK) Summit in Coventry that he is very hopeful the city will be shortlisted for the ITS World Congress when the organisers ERTICO – ITS Europe have finished the first bid evaluation phase.
Mr Waters called on all the organisations present at the Summit in Coventry to get behind Birmingham’s bid. It’s planned that the event will take place at the National Exhibition Centre in the autumn of 2024 – the first time the UK has hosted the World congress since 2006 when it took place in London.
The West Midlands has been instrumental in driverless vehicle research and has also implemented one of the UK’s biggest Green Light Optimised Speed Advisory systems while supporting a major trial of Mobility as a Service solutions. As a result travellers in the West Midlands have cleaner air, reduced queuing, better information on what is happening on the roads and public transport network and a range of very personalised services ranging from guidance on where to find parking spaces to warnings about the time needed to check in for train trips or airline flights. The West Midlands is also home to Midlands Future Mobility, one of Europe’s largest real world CAV labs and the UK’S path finder Future Mobility Zone and 5G urban mobility testbed.
A transport planner for past 25 years Mr Waters said, “I realised that the transport system wasn’t really working for the way we live now, so I pitched the idea of an electric city – and seven years on we’ve gone on a learning curve. Initially there was a bit of cynicism but we’ve come a long way.”
“Transport for West Midlands has been the fastest growing area for ITS transport outside of London and for the past few years, the fastest growing in the whole of the UK,” Mr Waters told the summit audience.
On the Future Mobility Zone, Mr Waters said, “the West Midlands was fortunate enough to receive the first 22m from DfT. We have invested it in researching human centred data, working on an enhanced mobility platform – our Swift ticketing platform, transport network data, enabling data explanation and innovations showcases.”
The second annual ITS (UK) Summit, sponsored by WSP, Gaist, Cubic and SNC Lavalin business Atkins, is also discussing future mobility, the budget issues and safety, among other things, as it grapples with policy, implementation and funding issues around transport technology.

http://smarthighways.net/world-congr...to-uk-in-2024/
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Old November 8th, 2019, 05:05 PM   #1947
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Second City posts moved to new Lunar thread.
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Old November 8th, 2019, 09:55 PM   #1948
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Europe’s biggest IT services and solutions provider, SCC, has announced the start of a 7m refurbishment programme to its UK headquarters.

The premises, located in Birmingham, are being completely remodelled and upgraded as the latest part of a long-term regional investment strategy by the business.

SCC has been headquartered in Birmingham since its incorporation in 1975 and is now a 2.2bn turnover company, with 5,500+ employees and businesses in the UK, France, Spain, Romania and Vietnam.

In this latest 7m move, both the existing 1980s single storey and two storey office blocks will be stripped back to their original structures, with each building undergoing a complete internal remodel to better meet the needs of SCC’s Birmingham-based workforce.

As well as refurbishing the two existing buildings, a new link building will complete the project and provide a walkway, reception area and feature entrance.

Building contractor Speller Metcalfe has been announced as construction partner for the project with design details being developed by a full project design team. Regional director for Speller Metcalfe, Rob Lashford, said: “Speller Metcalfe has worked closely with the project team to ensure the feasibility of this scheme, and we are delighted to be able to start work on what will be a very high spec refurbishment, enabling SCC to work in a purpose-built environment that truly meets the needs of the business.”

SCC chief executive James Rigby added: “This project has been planned meticulously and I’m thrilled that it is finally underway. SCC knows the importance of having a headquarters that reflects the company, our growth, and the innovative nature of the services and solutions we offer. And we’re proud to be investing even more in a community that we’ve called home for almost 45 years.”

The scheme is set to complete in the summer of 2020.

https://www.thebusinessdesk.com/west...-7m-hq-upgrade
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Old November 11th, 2019, 04:54 PM   #1949
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IWG looking at 103 Colmore and Paradise for further expansion.

https://www.business-live.co.uk/comm...-eyes-17227494
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Old November 11th, 2019, 08:30 PM   #1950
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DLA Piper letting confirmed

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A global business law firm has become the first office tenant to sign up to Two Chamberlain Square at the 700m Paradise development in Birmingham.

DLA Piper has committed to a 15-year lease for 40,000 sq ft of space across the top two floors of the eight-storey building as part of its growth plans in the region, moving from its current home in Victoria Square House in 2020.

The new space, which includes a panoramic terrace overlooking the transformed Chamberlain Square, will allow DLA Piper to continue to grow its Birmingham office which currently has more than 150 lawyers and staff

https://www.insidermedia.com/news/mi...in-square-deal
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Old November 11th, 2019, 10:04 PM   #1951
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Originally Posted by sefton66 View Post
Great News
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Old November 11th, 2019, 10:19 PM   #1952
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Originally Posted by sefton66 View Post
Hahahahaha I'll believe it when there are builders on site. They were preparing for a refurb when I worked there almost two years ago.
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Old Yesterday, 07:28 PM   #1953
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PWC Good Growth for Cities Report 2019 - Lots of stats and stuff to have a browse over. You have to download the full report to see all the cities ranked.

I think Brum comes out well, despite showing mid-table

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Good Growth for Cities measures the performance of the UK’s largest cities against 10 indicators that the public think are most important when it comes to economic wellbeing.
https://www.pwc.co.uk/goodgrowth
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Old Yesterday, 09:18 PM   #1954
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https://www.thebusinessdesk.com/west...-third-quarter

"Birmingham boasts two of the three largest regional office deals in third quarter"

(And if you're wondering, which I know you will be, the third was in Glasgow)
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