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The West Midlands Pension Fund has become the latest organization to become a tenant in the city’s new i9 development.
This means that the Class A complex’s offices were almost fully let in just seven weeks after the building was completed.
The West Midlands Pension Fund will occupy just under 20,000 square feet on the second and third floors of the development and will be the base of 180 employees.
The other occupants of the i9 will be hundreds of staff from the Department of Leveling, Housing and Communities, including ministers and senior officials, on the ground and fourth floors, and LGPS Central Limited on the first floor.
Councilor Stephen Simkins, deputy head of Wolverhampton City Council and a member of the Cabinet responsible for the town’s economy, said: ‘Securing the West Midlands pension fund as a tenant at i9 is a huge feather in the city’s hat, supporting the city’s priorities of creating opportunity and learning. through its relight campaign.
âIt also means that the five floors of office space were almost fully let a few weeks after construction of the building was completed, which is a remarkable achievement.
âHe absolutely endorses the courageous and daring decision of the Council to invest and develop new Class A commercial office space in Wolverhampton.
âI10 and i9 have set the bar higher for providing top quality office space in the city and the Council is now looking for ways to grow further so that we can further expand our shopping district and create more opportunities for investors and jobs for our residents. “
The Chairman of the Pensions Committee, Councilor Milkinder Jaspal, added: âWe are delighted to have chosen the I9 space to support the delivery of our services in the West Midlands. We actively support the members of our pension funds in planning for their retirement and our key priority is to help individuals plan for their retirement. i9 offers the perfect location. It is widely accessible thanks to the excellent transport networks developed in the city and has advanced digital connectivity.
âThe building, which achieved the BREEAM Excellent level, was an important factor in our selection – we are committed to working with the owner and neighboring tenants to ensure we maintain the same sustainability standards that we set for our own investments. real estate. “
Ion Development Director Rob Mason said, âWe are delighted to see i9 following in the footsteps of i10’s success. This is a testament to the determination of the partners involved, who have rightly placed connectivity and sustainability as being of paramount importance in a successful Class A building.
âI9 and similar developments are bringing working communities to the city center, galvanizing momentum for Wolverhampton’s regenerative story. “
i9 was born out of the successful i10 complex across Railway Drive in the city center, both delivered by council and real estate developer, Ion.
Contractor GRAHAM constructed Class A office space at i9, which includes the potential 5,600 square feet of retail space.