Goldman Sachs has reached a long-term lease agreement for permanent office space at One Centenary Way in Birmingham.
The new office space is part of MEPC’s £1.2 billion Paradise Birmingham development, and has five floors of the building, including a roof terrace overlooking Centenary Square. The office will have space for hundreds of workers, with the potential to accommodate more than 1,000 people in future years if required.
Since opening its first office in Birmingham in September 2021, the investment bank has filled nearly 250 new positions in the city, across functions including engineering, and human capital management.
The firm say they now expect to hire several hundred more employees in the years ahead, predominantly from the region.
What’s been said about the move?
Gurjit Jagpal, Managing Director and Head of the Birmingham office at Goldman Sachs, said: “The quality, depth and breadth of Birmingham’s talent pool has exceeded expectations in our first year in the city. This new office space will be perfectly suited to our collaboration, flexibility and growth requirements in the years ahead. We are excited to cement and grow our position as an important employer and member of the business community in the city and the region.”
Rob Groves, regional development director at MEPC, the commercial property development and asset management arm of Federated Hermes, added: “‘The arrival of Goldman Sachs in Birmingham is gathering momentum with the firm’s choice of One Centenary Way for its new home in the city. This is a major deal for Paradise, for the city and for the region, bringing a large number of highly skilled jobs into the city centre with one of the world’s leading investment banks. Goldman Sachs’ choice of One Centenary Way reinforces the status of this building as the city’s most prestigious and sustainable business address.”
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