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PRIVACY
Economic Development

NatWest Tower developer appoints trio of agencies

Colliers International, DTZ and Knight Frank have all won the brief to advise Sterling Property Ventures and Rockspring on securing tenants for 103 Colmore Row

CGI of planned interim public realm to be built as part of the demolition of the NatWest Tower(Image: Pic: Doone Silver Architects)

A trio of property consultancies have been appointed to advise the developers of the NatWest Tower in on future lettings.

The landmark building, officially called 103 Colmore Row, and funder Rockspring last year.

Plans with a further application for its replacement due later this year following a public consultation which launches next week.

Colliers International, DTZ and Knight Frank have been selected to secure office and leisure occupiers for the building.

The plot, on the corner with Newhall Street, has been vacant since 2003 and has planning permission for a 35-storey tower but Sterling and Rockspring are currently revising these plans.

A smaller scale development is proposed, similar in size to the existing structure which was designed by John Madin and finished in 1976.

Their proposed 21-storey tower will provide around 200,000 sq ft of Grade A office accommodation, in the city, and 10,000 sq ft of leisure space, including a rooftop restaurant.

James Howarth, managing director of Sterling Property Ventures, said: "Our timescale means we can start work on the new building as soon as the site clearance is complete, with the new tower erected by the end of 2017 - the first new office building to be delivered in Birmingham’s central business district since Two Snowhill.