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The Birmingham team at Swedish bank Handelsbanken is moving to a new home. The bank has agreed a deal to take space on the fourth floor of 103 Colmore Row on a ten-year lease.

The move comes after Handelsbanken's Temple Row and Newhall Street branches joined forces. The bank came to the º£½ÇÊÓƵ in 1982, opening its first branch in London, and has had an operation in Birmingham for 30 years.

Branch manager Stephen Breen said: "Our new branch offers modern spaces and great facilities for both our customers and employees while remaining in the heart of Birmingham. We look forward now to welcoming customers to our new branch."

103 Colmore Row is 26 storeys and was developed by joint venture partnership Sterling Property and Tristan Capital.

It has more than 220,000 sq ft of grade A office space along with the Orelle restaurant and bar on the 24th floor and a ground-floor café.

Handelsbanken is the latest professional services firm to move to the building, joining tenants such as Browne Jacobson, Colliers, Grant Thornton and Shoosmiths and is now 86 per cent either let or under offer.

Sterling's managing director James Howarth said: "Handelsbanken is an established name in the banking sector, with a long history in Birmingham.

"I'm pleased it has chosen 103 Colmore Row as its new headquarters in the city, joining the roster of business, finance and professional services firms already based in the building."

Tristan's managing director James Brodie added: "We continue to see a flight to quality in the office market driven by a desire to provide employees with high-quality workspace which also meets the occupiers' environmental, social and governance criteria."