Movers&Shakers

Portman House

A private investment company has bought an impressive building near Birmingham Cathedral for £1.425 million, thanks to commercial property agency Bond Wolfe.

Bond Wolfe acted for Swali Investments & Holdings Ltd in their purchase of Portman House at 5-7 Temple Row West, pictured above, which extends to an approximate total space of 6,200 sq ft. The building is currently bringing in rents totalling £59,000 per annum from Middle Eastern café Damascena on the ground floor, and the Baron Davenport’s Charity for local hospices, young people and women in need on the first floor.

Bond Wolfe has now been retained by Swali to market the currently vacant floors of the

Cubo

Cubo has announced that its flex office space in Birmingham has reached 100% occupancy less than six months after opening – and there are now plans to expand in the city.

The flex office space at Two Chamberlain Square, Paradise Birmingham has become the quickest Cubo to reach full capacity.

As a result, there are now plans to take another floor of the building, which will allow more businesses to be based at this prestigious address.

The 24,000 sq. ft workspace opened in Summer 2022 and its arrival brought a different property, with offers based on a rent of £15,000 per annum being sought for each floor.

James Mattin, managing director – agency at Bond Wolfe, explained that Portman House was in the heart of the Business District, within easy walking distance of mainline railway stations, the extended Metro tram route and quality restaurants, bars and shops.

Mattin said: “We are delighted to have secured this prime mixed-use investment on behalf of a retained client. The property is in a superb location directly opposite St Philip’s Cathedral and provides the buyer with ample asset management opportunities.” kind of flexible and co-working provider to an increasingly competitive market in the city.

Paul Warder of commercial property firm KWB represented the undisclosed seller in the deal. The seller’s legal advice came from Solomon Taylor & Shaw in London, while Swali was advised by Blackhams Solicitors of Birmingham.

Occupancy levels at Cubo Birmingham have exceeded all expectations, with regional, national and global businesses taking advantage of the building’s strategic location and Cubo’s unique offering.

High profile businesses who now call Cubo Birmingham home include accountancy firm Cooper Parry; marketing specialists M3 Agency; recruitment consultants Skilled Careers; Cartwright Communications and Solos Travel.

Cubo was launched in 2020 and is rapidly establishing itself as the leading provider of high-end flex office and co-working space in the Midlands and Yorkshire.