103 Colmore Row - Bank to Move to New Branch at 103 Colmore Row

Bank to Move to New Branch at 103 Colmore Row

Local relationship bank Handelsbanken is moving its Birmingham branch to new offices at 103 Colmore Row.

Handelsbanken Birmingham is moving into a new office on the 4th floor of the 26-storey building, after signing a 10-year lease with Tristan Capital Partners and Sterling Property Ventures, joint developers of 103 Colmore Row.

The move comes after Handelsbanken’s Temple Row and Newhall Street branches joined forces as part of the Bank’s continuous goal to deliver high customer satisfaction.

Handelsbanken came to the UK in 1982, opening its first branch in London. The Bank has been providing relationship banking services to people in Birmingham for 30 years, having arrived in the city in 1993.

Stephen Breen, branch manager for Handelsbanken Birmingham, said: “Our new branch offers modern spaces and great facilities for both our customers and employees, while remaining in the heart of Birmingham. Sustainability is central to our business and our ambition is to be carbon net zero by 2040. Therefore, 103 Colmore Row, with its high level of sustainability (Grade A, BREEAM ‘Excellent’ and EPC A,) fits our sustainability goals. We look forward now to welcoming customers to our new branch.”

103 Colmore Row comprises 223,631 sq. ft. of Grade A, BREEAM ‘Excellent’, EPC A-rated workspace. On-site amenities include Orelle, the double height restaurant on the 24th floor and ground floor bar and café, operated by D&D London, and a members’ business club on the 18th floor, in addition to three floors of flexible office space, managed by x+why.

The building also benefits from WiredScore Platinum rated digital connectivity and is an exemplar for sustainable offices, as the first commercial building in the central business district to connect to the District Heating System, with electricity generated from renewable energy.

Tenants include Arcadis, Browne Jacobson, Colliers, Evelyn Partners, Facepunch, Gallagher, Grant Thornton, Knight Frank, RSM, Shoosmiths and Weightmans.

James Howarth, managing director of Sterling Property Ventures, said: “Handelsbanken is an established name in the banking sector, with a long history in Birmingham. I’m pleased it has chosen 103 Colmore Row as its new headquarters in the city, joining the roster of business, finance and professional services firms already based in the building.”

James Brodie, managing director at Tristan Capital Partners, added: “We continue to see a flight to quality in the office market driven by a desire to provide employees with high-quality workspace which also meets the occupiers ESG criteria. 103 Colmore Row is now 86% let and under offer with just 2.5 floors remaining.”

The office space is being marketed by Colliers, Cushman & Wakefield, and Knight Frank.

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