• Deals for over 20,000 sq ft of prime office space have been agreed at Birmingham Business Park

• Persimmon Homes, Stonebond, TVH UK Ltd and Spirotech will all be moving on to the most established out-of-town office destination in the Midlands

Deals for over 20,000 sq ft of Grade A office space have been agreed at Birmingham Business Park, the most established out-of-town office destination in the Midlands.

A quartet of new deals have been struck for space at the site, which will see house builders Persimmon Homes and Stonebond moving into new premises, along with parts specialist TVH UK Ltd and leading expert in system water quality, Spirotech.

Avison Young, KWB and JLL acted on behalf of asset management firm BlackRock to negotiate the deals for the four office spaces. Persimmon Homes will be taking 10,723 sq ft, Stonebond have moved into 3,534 sq ft, TVH UK Ltd have moved into 3,909 sq ft of office space and Spirotech will be taking 2,018 sq ft.

This latest collection of deals comes off the back of 50,000 sq ft of lettings on Birmingham Business Park in the first half of 2022, with the Government leasing 37,500 sq ft - marking the largest deal at the Park in 22 years.

Adrian Griffith, Principal and Head of Birmingham Office Agency at Avison Young said:

"This collection of deals shines a spotlight on the enduring stability and resilience of Birmingham's out-of-town market and shows that businesses are continuing to invest in office space within an ever-changing market.

"Sites like Birmingham Business Park are key players in bringing companies back to the workplace for prime office space. BlackRock has new stock coming back to the market in 2023 including two self contained Grade A buildings extending to 60,000 sq ft and 16,000 sq ft."

Birmingham Business Park is located off Junction 6 of the M42 and Junction 4 of M6, and is home to 150 businesses including Rolls Royce, IMI, Fujitsu and GKN employing over 10,000 members of staff.

The site is also a multi-award-winning location for walking and cycling and an International Corporate Social Responsibility recognised business park, the destination offers ‘social value' with well-being and sustainability at the heart of its offer.

It holds a long-serving commitment to community engagement and runs a twelve-month schedule of social events. From mindfulness sessions to bike, book, allotment and cycling community clubs. Once a month ‘netwalking' events, cinema screenings, sports days and a weekly ‘Foodie Thursday' event for tenants to network and socialise.