PwC has confirmed it will take the whole of One Chamberlain Square at the Paradise redevelopment in Birmingham.
It had already committed in March 2016 to take 90,000 sq ft and has now extended its 20-year lease for the remaining 60,000 sq ft of office space over two-and-a-half floors.
One Chamberlain Square will be the first phase to complete of the £700m redevelopment being brought forward speculatively by Argent, Hermes and Birmingham Council.
It will move its 1,400 Birmingham team to the scheme from Cornwall Court next summer.
The second building at Paradise, the 183,000 sq ft Two Chamberlain Square, is due to complete before the end of 2019.
The Paradise redevelopment will deliver 1.8m sq ft across ten new buildings on the 17-acre site in Birmingham city centre. It is being brought forward by the Paradise Circus Limited Partnership, a private-public joint venture with Birmingham City Council.
The private sector funding is being managed by Hermes Investment Management, which has partnered with Canada Pension Plan Investment Board on the first phase of the development. Argent is the development manager.
Matthew Hammond, Midlands regional chair of PwC, said: “PwC is actively expanding its presence across the UK to match the changing footprint of its clients and make the most of new opportunities in fast-growing regions like Birmingham and the West Midlands.
“In 2017, 55% of our graduate intake was recruited into roles outside London and that will rise to 60% in 2018.”
PwC has been advised by CBRE and Squire Patton Boggs, with Paradise Birmingham (Hermes Paradise Circus Limited Partnership) represented by GVA and Berwin Leighton Paisner.
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