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Commercial Property

Bruntwood's Valentine wins Office Watch competition

Second time Rob Valentine has taken home the spoils from the annual Birmingham Post/CBRE competition

Rob Valentine from Bruntwood (left) has won the 2016 Birmingham Post/CBRE Office Watch competition, with CBRE's Will Ventham

Rob Valentine from property group Bruntwood has won the Birmingham Post/CBRE Office Watch trophy for 2016.

His estimate, that office take-up in central Birmingham last year would be 695,000 sq ft, was the closest entry to the actual tally of 692,729 sq ft.

It is the second time Mr Valentine has won the annual contest which has netted him a trophy and a case of champagne.

Will Ventham, head of the office agency team at CBRE in Birmingham, said 2016 was a year of two halves for the city's office market.

"Half way through 2016, Birmingham had scored 500,992 sq ft of office lettings and was on track for a bumper follow up to 2015's record breaking 970,000 sq ft," he said.

"Then along came the EU Referendum and the result took the º£½ÇÊÓÆµ corporate community by surprise.

"As businesses started to assess the implications of the decision, property considerations understandably went on the back burner.

"Lettings in the third quarter fell to 90,779 sq ft while 97,391 sq ft was taken in quarter four. Although take up declined in the last half of 2016, enquiry levels were maintained.