London, 16 June 2021 – Goldman Sachs has signed a membership agreement for one floor at WeWork 55 Colmore Row in Birmingham, for a term of two years, with an option to take additional space if required. Employees are expected to be on-site at the Colmore Row office by September 2021.
Goldman Sachs announced in April its intention to establish an office in Birmingham, with a potential headcount of several hundred over the coming years, led by its Engineering division. The firm intends to cement its presence in Birmingham with a permanent office in the future.
WeWork 55 Colmore Row covers three of the six floors in the building totalling 55,000 rentable sq ft. On site amenities include a barista bar, new parents’ room, bike storage, and showers for those who like to cycle into work, or attend a fitness class at lunchtime.
The beautiful building, Grade II listed for its historical and architectural interest, is light-filled, spacious and makes an impactful first impression with thoughtful design that blends the building’s historic features such as the arch windows with modern influences like the glass atrium.
WeWork Colmore Row is designed to foster collaboration and productivity, and the artwork featured in the building pays homage to the city, for example the Neon ‘handshake’ artwork demonstrates Birmingham’s multicultural community, and the neon ‘chimney’ artwork makes reference to the city’s industrial heritage.
It is in a prime location near Birmingham Snow Hill station, and a short distance from Birmingham New Street Station and Birmingham Moor Street Station as well as the city centre. It also benefits from the best of the city’s amenities, with gyms, restaurants and bars nearby.
Gurjit Jagpal, Managing Director at Goldman Sachs and head of the Birmingham office, said: “We are delighted to be taking space in this world-class office. The central location, amenities and workspace geared towards collaboration and flexibility will provide the ideal setting for our newly established presence in Birmingham and springboard for our ambitions in the city. We are already attracting great talent to join us in the Birmingham office and are excited to build on the entrepreneurial culture of Goldman Sachs in this new office.”
Nick Giraudeau, Global Head of Financial Services Sales, WeWork, says “We’re thrilled to be partnering with Goldman Sachs to establish their presence in Birmingham. We’re seeing increasing demand from companies across the financial services sector who are recognising the benefits of scalable, flexible space in creating engaging, collaborative workspaces for today’s increasingly hybrid working environment. Goldman Sachs is leading the way in embracing a forward thinking workplace strategy defined by flexibility and collaboration that complements their plans for growth and innovation alongside their talent attraction and retention needs.”
Neil Rami, Chief Executive of the West Midlands Growth Company, the region’s official investment promotion agency, added: “We’re delighted to welcome Goldman Sachs to the heart of the region’s financial district. Birmingham is ripe for future growth in technology, perfectly complementing the bank’s ambitions to recruit the very best talent. As the city gears up to host the Birmingham 2022 Commonwealth Games next year, Goldman Sachs’ arrival will coincide with the region’s escalated status as an internationally significant cultural destination.”
About Goldman Sachs
The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.
WeWork was founded in 2010 with the vision to create environments where people and companies come together and do their best work. Since opening our first location in New York City, we’ve grown into a global flexible space provider committed to delivering technology-driven flexible solutions, inspiring, safety-focused spaces, and unmatched community experiences. Today, we’re constantly reimagining how the workplace can help everyone, from freelancers to Fortune 500s, be more motivated, productive, and happy—because that’s how tomorrow works. For more information about WeWork, please visit us at wework.com.