Another big name island company will be upping sticks soon to move to the 55 Athol Street office development

FIM Capital has been named by the Tevir Group as their latest tenant at the former Zurich International offices which have undergone a multi-million pound facelift.

FIM plans to move there in early spring from its current premises in Hope Street, Douglas.

Ciaran Doherty, managing director, Tevir Group said: ’It is a great pleasure to welcome FIM Capital as the next tenant for 55 Athol Street.

’They reflect the profile and calibre of tenant we intended to attract.’

FIM Capital was established in 2006 and provides specialist investment management and fund administration services.

Mr Doherty told Business News: ’We are delighted with the level of interest we have received for the Athol Street development.

’Over 70% of the units in the building are either occupied or committed to, subject to contract, and only two units are left available for lease.

’This justifies the significant investment we have made in transforming the property and demonstrates a healthy degree of confidence in the Isle of Man’s economy.’

Russell Collister, chief investment officer, FIM Capital, said: ’Our move to the bright and modern environment of 55 Athol street is testament to the confidence that we have in the future of the FIM Capital business and the Isle of Man as a whole.

’These new offices will provide a great base for our loyal and talented employees and will be a perfect environment in which to meet our valued clients.’

FIM Capital Limited was originally established in 2006. The company, which is now completely independent, changed its name in August 2015 following a buyout of the company from the IOMA Group by its founders.

FIM Capital had continued to be based in nearby Hope Street but is now looking to building for the future in its new base.

The first company to move there was Canaccord Genuity.

Dermot Hamill, head of wealth management, Canaccord Genuity Isle of Man, told Business News after moving in last autumn: ’The Athol Street development is a good example of the island providing the right environment in which modern businesses can flourish.

’We are very happy with our move, which restates our commitment to the Isle of Man and our clients.’

He also told Business News he was happy the firm was staying in the capital to do business.Mr Hamill said: ’It is nice to stay in town and the building itself is a London-style quality building.’

The Athol Street site of the former Zurich head office has undergone a significant transformation since Tevir Group purchased the property in June 2018.

It has a number of features to support employee wellbeing and active travel.

These include a fully equipped gym, changing rooms with showers, secure bike park, breakout areas, and levels of natural light.

Zurich International is now based on the Isle of Man business park.

A large bespoke illustrated map of the Douglas takes pride of place on the wall in the mezzanine area of 55 Athol Street.

The map was created by artist Lucie Conoley

Meanwhile the Tevir Group also told Business News that it has now been focusing on completing the refurbishment of the former Royal Bank House on Loch Promenade, Douglas.

This building forms part of the Villiers Square complex, along with Clarendon House and adjoining development plots.

A spokesman said: ’We hope to have some exciting news to announce about Villiers Square in the near future.’ He told Business News: ’Tevir Group will be making an announcement in the next few weeks about the Villiers site.’

The Tevir Group also owns the former Castle Mona Hotel and says its priority is to continue to secure the building from further deterioration.

The group’s plans for the building continue to remain under wraps.