«Representing the largest ever pre-let in Birmingham’s city centre, Ballymore confirmed today that it has concluded the pre-letting of approximately 250,000 sq ft of office accommodation to Wragge & Co, one of the UK’s leading law firms, at Two Snowhill, the second office building at its 1 million sq ft mixed-use Snowhill development.
Designed by Siddell Gibson as the sister building to One Snowhill, (which is already part pre-let to KPMG), Two Snowhill will total approximately 320,000 sq ft of Grade A office accommodation, arranged over 14 storeys, overlooking the scheme’s Central Boulevard and new public open spaces. Construction of Building 2 is to commence in June with completion in 2011.
Overall, Ballymore’s 1 million sq ft Snowhill development is one of the most important and largest redevelopment projects underway in Birmingham, and a model for mixed use, sustainable regeneration.
Once completed, it will create a new city centre business district, boasting Birmingham’s tallest residential tower, the city’s first five-star hotel, a new Westin Hotel & Spa which is to be operated by Starwood Hotels & Resorts, together with the two office buildings at One and Two Snowhill which together will provide some 600,000 sq ft of prime commercial space. One Snowhill has already attracted a major pre-let of some 120,000 sq ft to KPMG, with Two Snowhill setting new records for Birmingham with the city’s largest ever pre-let confirmed to Wragge & Co, solicitors. A range of restaurants, bars and quality retail arranged around new open public spaces such as landscaped squares, tree-lined boulevards and piazzas, will also be created within the development.
DTZ and Atisreal acted for Wragge & Co in the transaction, while CB Richard Ellis and Colliers CRE are the letting agents at Snowhill.
Ballymore is an international property development, investment and property management group, specializing in large scale mixed use developments in urban areas. The company has principal offices in Dublin and London together with offices in Slovakia, the Czech Republic, France and Hungary.
Ballymore has a growing hotel portfolio with the Radisson Edwardian New Providence Wharf Hotel having opened in London in 2007 and a Kempinski and Sheraton hotel on-site in Prague and Bratislava respectively, and several additional hotel proposals in the pipeline.
Founded 25 years ago by Sean Mulryan, Chairman of Ballymore, the company has grown rapidly in recent years.
Ballymore now has more than 50 projects in various stages of development in Europe and around the world.
Wragge & Co LLP is a major UK law firm providing a full service to clients worldwide, including 36 FTSE 100s, 24 FTSE 250s, hundreds of public sector organisations and thousands of large private companies. The firm employs 1,197 people, including 658 fee earners working in Real Estate, Corporate, Finance Projects & Technology, Dispute Resolution and Human Resources. Wragge & Co is the only firm to appear in both the Sunday Times 100 Best Companies to Work For and the Financial times 50 Bestworkplaces in the UK. Offices are in Birmingham, London, Brussels and Hong Kong » ( CS della Società)
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