An entire floor of a building with one of the most prestigious addresses in Birmingham has been snapped up by global insurance firm Markel.
In a deal arranged by joint agent and leading real estate company Cushman & Wakefield, the insurer has taken the third floor of Cathedral Place, on a new lease. Cathedral Place itself is a part modern, part period listed building, which has been extensively refurbished by landlord Canada Life.
Cameron Thomson, of Cushman & Wakefield, said the 2,035 sq ft floor had one of the best views overlooking St Philips Cathedral that the city has to offer. Andy Partington, UK sales director at Markel, said: “We were not willing to compromise on quality as we grow in profile in the city.”
Charles Warrack, of Johnson Fellows, who advised Markel, said: “Cathedral Place fitted the bill perfectly for my client, and will allow them to focus on their core business in a comfortable and smart environment.”