https://stphilipspoint.co.uk/
PURCHASE
The property was acquired by Ediston for £22.35m in October 2014, reflecting a net initial yield of 7.15%.
ACHIEVEMENTS
Completed a comprehensive refurbishment of the entrance, reception, common parts, central plant and lifts.
Secured new 10 year leases with AXA over the 4th, 5th and 6th floors and a new lease of the 7th and 8th floors.
Secured a new lease of the 9th floor to UK Land Developments.
Completed lease with American bridal retailer, David’s Bridal, for the entire Cannon Street retail space.
Restructured the Weightmans leases on Ground and 3rd floors.
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Ediston Property Investment Company completed the £1m refurbishment of the 14,208 sq ft First Floor of St Philip’s Point in central Birmingham, delivering a stylish combination of tall white ceilings and exposed services and a unique ceiling spine of metal baffles above the primary circulation route.
The floor brings a new differential to the Birmingham office market and will be formally launched on 21st May 2019. The space was designed by CDA and KJ Tait, Edinburgh, project managed locally by Savills and the works completed by City Office Interiors.
Click the link below to see how we are getting The Point across through the team at Core Marketing. https://www.core-marketing.co.uk/work/st-philips-point/
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