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RICS deal completes hat-trick for IMP’s 55 Colmore Row

IM Properties (IMP) has secured three of the largest office requirements in the market in the past 12 months at 55 Colmore Row, with its third signing to the Royal Institution of Chartered Surveyors, RICS.

The £30m mixed-use scheme in the heart of Birmingham is now two thirds full, with RICS taking 30,000 sq ft over two floors.

The 160,000 sq ft Grade A location, unveiled less than a year ago, has already attracted lawyers Pinsent Masons and property consultants Savills, who are taking a combined 57,000 sq ft across three floors.

IMP’s investment director, John Hammond added: “If you’re going to develop prime offices, you couldn’t be much better placed in terms of location than 55 Colmore Row. We always understood its potential and that’s why we invested so significantly to create the best offices in the city centre.

“Quality and location will always trump the competition, although undoutedly it was also a question of being in the right place at the right time, with Colmore Row and the surrounding business district enjoying considerable growth and attention.

“We were delighted Pinsents and Savills decided to come here, but it is especially satisfying when the association which drives best practice and the highest quality of professional standards into our industry also chooses us, and from a very competitive market-place.”

Joint agents for the office space at 55 Colmore Row are Savills and CBRE, with Birmingham-based BWD Retail handling the retail and leisure sectors.