Log In

Reset Password
BERMUDA | RSS PODCAST

Office building renamed Innovation House

A Reid Street office building has been renamed Innovation House after it was sold last year.

The building, previously known as Ram Re House, will house technology company Fireminds and meet the expansion needs of insurance firm Freisenbruch-Meyer Group.

Innovation Ltd, whose directors are Michael Branco, chief executive officer of Fireminds, and Michael Freisenbruch, president of Freisenbruch-Meyer Group, took over the building in December.

Innovation House has attracted new tenants since the building was purchased and has 80 per cent occupancy, with space available on the first floor, a statement from the owners said.

Mr. Freisenbruch said: “Michael and I have had opportunities to work on many projects together over the years. As we had a mutual need to find a solution for our growing companies an investment in commercial real estate made the most sense.

“For me, it was important to stay close to our Front Street office. Michael and I both feel confident in the Bermuda market, with the continued business growth that is taking place.”

Fireminds is an expending software development and cloud solutions company that employs more than 20 people in Bermuda and 43 globally.

Mr Branco said: “It was a great opportunity to invest in commercial real-estate and do so with a great business partner.

“Innovation House has multiple telecommunication access providers, a generator and UPS, which results in the redundancy and resiliency that tenants appreciate and the perfect location for Fireminds' headquarters and network operations centre.”

Nice work space: Michael Branco, left, and Michael Freisenbruch, directors of Innovation Ltd, the new owners of Innovation House in Reid Street

You must be Registered or to post comment or to vote.

Published May 03, 2016 at 6:57 pm (Updated May 03, 2016 at 6:57 pm)

Office building renamed Innovation House

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon