Commercial property advisor, GVA, has completed the acquisition of 28,000 sq ft for Birmingham City University (BCU), representing the city’s largest office transaction of the year.
The acquisition encompasses the top four floors of the New Technology Institute (NTI) building, located on Bartholomew Row in Eastside. The NTI Building has been part of the Birmingham City University’s property portfolio for nearly 10 years and will be renamed University House as well as becoming the registered address of the University.
University House is located at the head of Eastside City Park and at the ‘entrance’ to the University’s new City Centre Campus.
A high-specification building, NTI has a BREEAM ‘Excellent’ rating for its environmental credentials and was previously a British Council for Offices (BCO) award winner. The building will now undergo a full refurbishment with the University set to take occupancy in September 2014, ready for the new academic year.
The building will become the new home for: Vice-Chancellor’s Office (VCO); Secretariat; Research, Innovation and Enterprise (RIE); International Office; Planning and Performance (formerly Academic Planning); Marketing and Communications; and the Centre for Enhancement of Learning and Teaching (CELT).
The acquisition of the space is part of BCU’s estates strategy which has already seen the delivery of the Parkside Building in Eastside which was opened in 2013 and the development of the custom-designed £60m Curzon Building, due for completion in 2015.