Coventry City Council has leased circa 7,000 sq ft to SEGRO at the Two Friargate office scheme in Coventry city centre.
The new Coventry office will house SEGRO’s national markets team, which primarily develops, owns and manages large logistics warehouses.
Two Friargate is one of Coventry’s newest Grade A office buildings and is the second building to be developed as part of the wider Friargate Business District. It sits adjacent to Coventry Railway Station, with fast connections to Birmingham, London, and Birmingham Airport.
Jim O’Boyle, cabinet member for jobs, regeneration and climate change at Coventry City Council, said: “SEGRO is an exciting business with an ambitious growth plan. Already an investor in the city and region, the move to Two Friargate builds on the commitment the business has already made.
“Following quickly from Octopus Energy’s commitment to Two Friargate, this deal proves that the fundamental benefits of locating a business in Coventry are strong. We are well connected and have the skills and people that businesses need to thrive. It also proves that Two Friargate, and the wider district, is an attractive proposition for occupiers given the investment which has been made, and will continue to be made, in this location. We look forward to working with the SEGRO team to support their growth plans.”
Dan Holford, head of national markets at SEGRO, added: “It is important to us to have a strong presence in the markets where we operate so we can develop a deeper understanding of the things that will be most important to our customers and communities, and build stronger relationships with all our stakeholders.
“Coventry is a city which appeals to us as a place to invest, and Two Friargate is ideal due to its city centre location, connectivity, amenities and strong environmental sustainability credentials. We look forward to delivering our ambitious development programme, including SEGRO Park Coventry, and growing our position in the West Midlands from this fantastic new base.”
