Axa agrees Birmingham office deal

Global insurance provider Axa has agreed a new ten-year lease at a Birmingham city centre office block.

The company has taken the newly refurbished, 14,208 sq ft first floor at St Philips Point, in Temple Row, where it has already been a tenant for 15 years.

Landlord Ediston Property Investment Company has recently invested £1 million refurbishing the property.

In addition to Axa, law firm Weightmans and accountant practice RSM occupy the ten storey, 102,000 sq ft building.

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Commercial property consultancies Savills and Avison Young represented Ediston.

Ben Thacker, a director in the national offices team at Savills, said: “Axa undertook a review of their property requirements last year.

“A number of alternatives were considered but the business opted to remain at St Philips Point, surrendering part of their space on the upper floors and consolidating occupation into a large single floorplate on the first floor.”

Axa now occupies a total of 27,990 sq ft in the building across three separate floors.

Lambert Smith Hampton advised Axa.

BusinessLive – West Midlands

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