Facebook - Birmingham Business Twitter - Birmingham Business Instagram - Birmingham Business
http:/www.iscoydpark.com http:/www.innovationbham.com

Birmingham Business Park unit fully let

Catalyst Capital has fully let Kings Court on Birmingham Business Park, securing almost 27,000 sq ft of lettings in the past year.

Catalyst owns a total of 52,224 sq ft across three buildings at Kings Court, with all vacant units undergoing a comprehensive refurbishment in 2017 and 2018 to provide high quality, open plan office accommodation and enhanced public areas.

The lettings activity was led by the commitment for the full 17,633 sq ft 2650 Kings Court to global firm, CRRC Zhouzhou Times Electric, representing the largest deal to complete on Birmingham Business Park in 2018.

The final vacant buildings at Kings Court were let in a flurry of deals to mechanical engineering firm, Kelvion which took 1,599 sq ft on the ground floor of 2625 Kings Court; and automotive specialist, LTK Consulting which secured the full 5,934 sq ft at 2630 Kings Court. This follows the letting of 1,736 sq ft at 2625 to scaffolding manufacturer PERI Ltd in the summer.

Sarah Cooper, Catalyst Capital, said: “The conclusion of these lettings and strong level of activity that we’ve seen this year, and through the second half of 2018 in particular, is exceptional and these new lettings complement the existing tenant mix on the estate.” 

GVA and Savills are joint letting agents for Kings Court. Adrian Griffith, GVA, said: “These lettings at Kings Court have brought the vacancy rate at Birmingham Business Park down to just 10%, with around 82,000 sq ft currently under offer elsewhere on the park this will result in driving the vacancy rate down to below 6%, which is one of the lowest vacancy rates that this site has seen for over 15 years. This is a clear demonstration of the value of high quality investment in well-positioned stock.”

Jonathan Ottewell from Savills, who completed the deal at 2650, added: “To secure such a major inward investor in CRRC Zhouzhou Times Electric is a coup for Catalyst Capital and testament to the quality of the product they have delivered at Kings Court. They moved quickly to secure the deal ahead of interest from other parties following the property’s comprehensive refurbishment


Property experts say lockdown has been brutal

Specialists warn serviced office sector will need to focus on changing business models

8th July 2020

Advertising agency roars forward with wild win

Firm secures major project for German wildlife attraction

18th June 2019

New tenant and expansion at city property

Office space continues to prove popular

13th November 2019

Inaugural tech week in Birmingham

More than 50 events over five days

20th September 2019

Brindleyplace buildings get £4m revamp

Works bring 'something truly unique' to the city

2nd November 2018

Housebuilder opens new offices in Coleshill

Second floor office suite deal is done

20th December 2018

GVA names new head of department

Sharon leads team of 130 at GVA

8th October 2018

Entrepreneur takes back control

Shareholder acquires firm he founded in 2012

17th June 2020

Investors show continued confidence in city

Big-money commercial property deals still flooding in

1st November 2018

More big office deals for city

Birmingham lands two of the largest regional acquisitions

12th November 2019

Bumper number of deals for property experts

Consultancy enjoys successful period of business

1st November 2019

City centre office deals are signed

Brindleyplace drives the market thanks to quality and variety of space on offer

2nd July 2019

Rebrand for digital learning provider

New theme is designed with technology in mind

22nd March 2019

Cultural hub could prove a sound addition

Property offers 30 studio units for creative businesses

16th July 2019

Tech company deal made in the Midlands

Firm is successfully sold to the US market

25th April 2019