Investment management business EFG Harris Allday has signed for 12,178 sq ft on the fifth floor of 103 Colmore Row in Birmingham.
The company, which is part of EFG Private Bank, has been based in the city’s Stock Exchange building on Great Charles Street for more than 50 years.
It has agreed a 10-year lease with EPISO 4, a fund managed by Tristan Capital Partners, and Sterling Property Ventures, joint developers of 103 Colmore Row.
Richard Killingbeck, managing director of EFG Harris Allday, said: “We are delighted to have agreed a lease for 103 Colmore Row. Having been a Birmingham-based firm for nearly 200 years, we believe that this move demonstrates an exciting new chapter for us in the city and the West Midlands.
“The building’s location in the business district combined with state-of-the-art facilities and strong environmental credentials made it an ideal choice. For us this move is a reflection of our long-term commitment to grow our Birmingham business, continue to deliver a personal client service and attract clients and colleagues to Harris Allday.”
James Howarth, managing director of Sterling Property Ventures, added: “Our tenant roster reads like a who’s who of Birmingham’s top finance and professional advisory firms. It’s testament to the pulling power of 103’s address and the quality of the building, where just two floors remain.”
James Brodie, managing director at Tristan Capital Partners, said: “This latest letting takes the building to more than 90% let with conversations ongoing for the remaining space. The occupational market remains strong, and 103 Colmore Row demonstrates the continued appeal for high-quality ESG workspace combined with on-site amenities which in the case of 103 includes F&B, wellbeing and health options and flex office space.”
Liz Bailey, director, office occupier services at CBRE in Birmingham, who advised EFG Harris Allday on the letting, said: “It was a pleasure to advise EFG Harris Allday on their move from the Stock Exchange building, which ultimately led to a floor at 103 Colmore Row. 103 was always a strong contender as it aligned with the business ethos combined with the amenity on offer and the x+why 18th floor lounge, ultimately made it the perfect fit.”
The building is being marketed by Colliers, Cushman & Wakefield and Knight Frank.
