Commercial Property Development

Providing warehouse and office buildings for industry and commerce

Stoford Takes Stock with £5.6 Million Acquisition

Leading Birmingham property developer Stoford is enjoying a bull run after completing a £5.6 million acquisition of the city’s historic former Stock Exchange.

The 1920s building in a Conservation Area at Great Charles Street is to be refurbished for current tenants EFG Harris Allday, one of the UK’s leading stockbrokers and investment managers, who will be taking a new lease on completion.

Work on the building, which was in use continuously as a stock exchange until the Big Bang of 1987 resulted in its traditional dealing floor being replaced with new technology, will begin in early 2008 with completion scheduled for early 2009.

It is the fifth historic office landmark in the city centre to be refurbished by Stoford in the past two years, following the Midland Bank Building in Bennetts Hill, Cavendish House in Waterloo Street, Griffin House at Ludgate Hill and Lancaster House in Newhall Street.

Dom Stokes, Stoford director, said: “We are delighted to be boosting our leading role in the regeneration of Birmingham city centre by turning such an historic building into outstanding office premises.”