National accountancy, tax and advisory firm MHA has pre-let circa 7,000 sq ft of office space on a 10-year lease at Valeo Capital’s 35 Newhall Street in Birmingham.
The firm will relocate its Birmingham headquarters to the ground floor of the redeveloped 55,000 sq ft building early next year.
The redevelopment project includes a complete re-cladding of the façade and a full interior refurbishment. Valeo is targeting EPC A and BREEAM Excellent ratings for the building.
Chris Barlow, chief operating officer of MHA’s Midlands’ region and partner in the firm’s Birmingham office, said: “Our new office move marks an exciting milestone in our continued growth across the Midlands. As our presence in the region has expanded and having made a number of key senior appointments following the recruitment of John Bryant as corporate finance partner and Steve Hale as audit and assurance partner, so too has the need for a space that better supports our teams and is fit for our ambitious plans for 2026 and beyond. This new location has been shaped around the way our people work, with collaboration, comfort and wellbeing at its heart and is a true reflection of our people first approach.”
Matt Doyle, from Valeo Capital, added: “We are delighted to welcome MHA to 35 Newhall Street. The building embodies Valeo’s commitment to creating best-in-class, sustainable and wellness-focused office environments that inspire productivity and community among occupiers.”
Ben Thacker, director, office agency in Savills’ Birmingham office, which advised MHA on the letting, said: “This pre-commitment to a high-profile new development highlights the strong demand for centrally located, high-quality office space at a time of rapidly declining office supply in the established CBD. Birmingham continues to retain its status as the UK’s second city, with a thriving business community. Securing prime Grade A space amid constrained supply highlights how proactive occupiers, like MHA, are planning ahead to ensure that they secure best-in-class solutions.”
Knight Frank acted on behalf of Valeo Capital.
