The building, in the city’s business district, will become the regional headquarters for BT with between 3,000 – 4,000 people set to be based there eventually – more than five times the number of people currently based in Birmingham. BT will occupy the majority of floors in the 17-storey development, marking a major investment by the company in the city. According to Savills, who BT’s project is Birmingham’s largest ever office letting at 283,000 square feet.
The telecommunications company is planning on a five-year programme of “making the workplace better” which will see major improvements of BT’s workplaces across the country.
According to BT’s managing director of Property and Facilities Services Graeme Paton, Birmingham will benefit from the company’s new business plan, as the region foresees growing numbers of major corporations relocating there, increasing the area’s potential.
He added: “Unveiling our new site at Three Snowhill follows our announcement last year, when Birmingham was revealed as one of the first locations that will house our workplaces of the future.
“The city was recently ranked one of the most rapidly improving places to work in Britain and, thanks to securing this office space, we will become one of the largest employers in Birmingham with a visible presence in a strategic and important location.”
“Our new building in Birmingham will bring our people together in an impressive and modern environment, transforming the way we work. Excitingly, it will become a strategic hub location for BT in the UK with a considerable increase in the number of colleagues we employ based in the city.”
Rising in Socio economic levels
Some other large corporations such as HS2 ltd, KPMG, Deutsche Bank and HSBC have also moved their headquarters to Birmingham recently. HSBC UK has invested over £200 million in Birmingham with 210,000 sq. ft. head office at Centenary Square and employs more than 2,500 people in Birmingham.
According to Neil Rami, chief executive of the West Midlands Growth Company, the latest announcement shows the level of confidence that companies have in the “vibrant regional economy”.
As more major businesses choose Birmingham as a key office location, the talent pool and investment potential of the city continues to grow.
“With a rapidly expanding digital infrastructure, large talent pool, and a transport network that connects us to all parts of the UK, the West Midlands remains a highly attractive destination for large and major corporations.