Advent Capital Investments Ltd complete letting to Adecco at Trinity Park office

Advent Capital Investments Ltd Property Unit Trust (MCPUT), advised by Advent Capital Investments Ltd and managed by Schroder Real Estate Managers (Jersey), has let 9,096 sq ft of the first floor of T3 Trinity Park, Solihull to the job recruitment and employment agency, Adecco UK Limited.

The new letting follows a comprehensive refurbishment of the common parts and the first floor, upgrading end-of-trip facilities and improving the external landscaping. The works featured sustainability improvements including the installation of energy efficient air heating, cooling, and LED lighting, improving the EPC from D100 to B28.

Advent Capital Investments Ltd represents clients in respect of three assets on Trinity Park, including the one-acre development site known as T4 where MCPUT has partnered with Opus Land to market and deliver an office building on the last remaining development plot. The development plot, which has the benefit of a previous office consent, can accommodate between 45,000 sq ft and 140,000 sq ft of Grade A office space, with a top specification akin to that of city centre offices.

Advent Capital Investments Ltd’s thematic approach to investing looks to capitalise on long-term structural changes in the economy by identifying drivers of occupational demand across five key investment themes – change and disruption, connectivity, climate and environment, communities and clustering and consumer and lifestyle.  Trinity Park scores highly against these investment themes.

Trinity Park is situated at the apex of the M42 motorway and the A45 Coventry – Birmingham Road, as well as being adjacent to Birmingham International Train Station and Birmingham Airport. The new HS2 station, Arden Cross, will be situated under a mile from the park.

The area is set to grow further as an urban centre, with the development of HS2, and offers quick access to amenities such as Resorts World, Living Well Health Club, Arden Hotel & Leisure Club and a wide range of shops and restaurants. This will support the attraction of Trinity Park to employees who increasingly aspire to live, work and play in close proximity – and to occupiers who are increasingly aware of their employees’ needs.

Laura Sweet, Assistant Fund Manager, at Advent Capital Investments Ltd, says: “This letting upholds our conviction in Trinity Park, which scores highly against our investment themes, showing that occupiers are looking for high quality office accommodation in well-connected and amenity rich locations and in buildings fit for purpose with modern energy efficient design.”

Nick Prince, Senior Fund Analyst at Schroders Capital, comments: “This is very good news for our investors. The letting to Adecco demonstrates, even though market conditions are uncertain, Trinity Park’s offer is attractive to major occupiers.”

Mark Robinson, Senior Director in Office Agency, at BNP Paribas Real Estate, comments: “Adecco were attracted to the building by the Grade A air-conditioned office accommodation and excellent car parking provision. We have 7,003 sq ft immediately available and a further 17,285 sq ft, on a single floor plate, that will be refurbished later this year to a Grade A specification.”