Work to Innovation Birmingham’s new iCentrum® building has reached its highest point, which has been celebrated with a topping out event and site tour for stakeholders and partners.
The £7.85 million scheme is being delivered by Bouygues UK’s Midlands business, Thomas Vale. The 3,881sqm (42,149 sq ft) building incorporates a full height atrium, double height event space for 180 delegates, a large mezzanine and two floors of dedicated incubation and workspace for tech companies. The 60 week build programme is on track for completion in March 2016.
iCentrum®, which has been under construction since January 2015, is being funded through a commercial loan, agreed with Birmingham City Council, to cover the main construction and fit-out costs. In addition, Innovation Birmingham secured funding from the GBSLEP’s Enterprise Zone’s Site Development and Access Fund to create additional co-working space in the new building. iCentrum® is the first building under construction within Innovation Birmingham’s £40m development zone.
iCentrum® will provide space for 400 high-value skilled tech personnel at any one time, generating £25 million of GVA to local economy per annum. The building was one of the first to start on site within the GBSLEP’s Enterprise Zone, which features 30 sites within central Birmingham.
Dr David Hardman MBE, CEO of Innovation Birmingham said: “Construction work started on iCentrum® in January and is on schedule to complete on time and on budget in March 2016. It is being developed and funded speculatively as a tech incubator for the generation that is growing up with social media, 3D printing and cloud-based business solutions.
“Sitting at the heart of the new building will be Serendip; a 11,000 sq ft incubation centre purpose-designed to nurture relationships between large corporate organisations and entrepreneurs. With the internal aspects of the building already taking shape, it has been hugely valuable to take our stakeholders and partners on a site tour, so that they can help us to spread the message about the range of highly innovative opportunities iCentrum® will deliver to the marketplace. ”
Craig Tatton, Managing Director at Thomas Vale said: “Roofing work is now complete and the iCentrum® building is almost water tight. Much of the glazing is now installed and we are currently working on internal partitions on the 1st and 2nd floors. As we enter the autumn and winter months, internal and finishing trade professionals will be arriving on site. Thomas Vale is exceptionally proud to be delivering this landmark building in Birmingham, which will help to secure a high tech and innovative future for the city.”
The Innovation Birmingham Campus is currently fully let with a waiting list for space from new and growing tech businesses. Significant investment has ensured its 130 technology tenants can already access 30Gbit/s broadband speeds – equalling the fastest internet connection available anywhere in the UK.