Union Investment extends KPMG lease at One Snowhill in Birmingham

Union Investment has extended its lease agreement with KPMG at One Snowhill, securing the consulting firm’s presence in the Birmingham office building for an additional five years. The new deal extends KPMG’s commitment until 2034, reinforcing its status as the anchor tenant of the 74,000 sq ft space.

One Snowhill has been part of Union Investment’s UniImmo: Europa real estate fund since 2014 and remains a key asset in Birmingham’s Colmore Business District, the city’s prime commercial hub. With its futuristic glass façade and strategic location near Snow Hill tram stop, the building offers exceptional connectivity and modern office space.

As part of a broader effort to enhance sustainability and efficiency, Union Investment recently modernized the building’s reception area and is currently electrifying the property by removing gas as a heating source. These upgrades will ensure lower operating costs for tenants and improve the building’s Energy Performance Certificate (EPC) rating to B, according to Christiane Bührsch, Head of Asset Management Europe 1 at Union Investment.

Peter McNamara, Director UK & Ireland at Union Investment, emphasized that the lease extension with KPMG reflects a mutually beneficial agreement and recognizes the investment and upgrades that have transformed One Snowhill into a best-in-class property.

In addition to KPMG’s renewed commitment, Union Investment recently secured a 17,000 sq ft lease agreement at One Snowhill with law firm Trowers & Hamlins, further solidifying the building’s appeal as a prime office destination in Birmingham.