Risk management firm moves 150 staff to Colmore Row

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Gallagher, the insurance, risk management and advisory services specialist, is moving its Birmingham team to 103 Colmore Row.

The company has taken 12,146 square feet on the 13th floor of the 26-story building, entering into a ten-year lease with joint venture partners Sterling Property Ventures and Tristan Capital Partners. The rent is not disclosed.

The move will allow Gallagher to relocate 150 employees to Birmingham in a single office.

Gallagher is the sixth company to take up residence at 103 Colmore Row, joining Grant Thornton, Knight Frank, Shoosmiths, Tilney Smith & Williamson and flexible workspace operator x+why. More than 60% of the office space in the building is now let.

Tom Gunn, Head of Property and Facilities at Gallagher, said: “Having previously operated three separate offices in Birmingham, our move to 103 Colmore Row will allow us to bring everyone together under one roof and provide space for modern and spacious workplace for both our colleagues and clients in a prime downtown location.

“Not only does 103 Colmore Row tick all the right boxes in terms of design and location, it will also allow our colleagues to work in a much more energy efficient space, which is in line with our ambitions to reduce our environmental footprint. in the communities. where we are present.

“Our move to 103 Colmore Row marks a key milestone for Gallagher in Birmingham as we continue to invest in our presence in the city, and we look forward to welcoming our colleagues and customers to our new home.”

103 Colmore Row is Birmingham’s tallest office building (108 metres).

James Howarth, Managing Director of Sterling Property Ventures, said: “Having more than half of the offices leased is a real vote of confidence in the building.

“Colmore Row’s best credentials prove to be real selling points for occupiers, environmental features such as heating and hot water provided by the city’s district energy program and electricity supplied from utility 100% renewable energy, with smart technology incorporated into the design of the building.

“Coupled with the on-site facilities and amenities and the building’s location in the heart of Colmore’s business district, with all the added benefits this offers in terms of access to public transport and the best shops, cafes, bars and restaurants in town. , 103 Colmore Row takes a beating.

Paul Pritchard, Principal of Tristan Capital Partners, said: “Our ambition with 103 Colmore Row was to deliver a building that reflects the changing needs of occupants, offering innovative and quality space complemented by an excellent suite of amenities. that appeal to a wide range of organizations – our rental success is testament to that.

The office space is marketed by co-agents Colliers International, Cushman & Wakefield and Knight Frank.

Gerald Eve advised Gallagher on the hire.

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