SEGRO boosts investment in Coventry with Friargate move
SEGRO, a leading owner, manager and developer of modern warehouses and industrial property, has agreed a deal with Coventry City Council to occupy around 7,000 sq ft of office space at Two Friargate.
The deal will enable the relocation of around 25 staff to Coventry as part of a major commitment to the West Midlands region. This builds on existing investment, which includes the delivery of the SEGRO Park Coventry development to the south of the city, adjacent to Coventry Airport.
Two Friargate is one of Coventry’s newest Grade A office buildings and the second building to be developed as part of the wider Friargate Business District adjacent to Coventry Railway Station.
The new Coventry office will be home to SEGRO’s National Markets team, which primarily develops, owns and manages larger, ‘big box’ warehouses used for logistics. SEGRO intends to invest at least £2 billion by 2033 to deliver 13.5 million sq ft of modern, sustainable warehouse space across West Midlands, including SEGRO Park Coventry. These developments are expected to support 14,000 new jobs in the region, across a broad range of employment types, from logistics to R&D to light manufacturing.
The announcement follows Octopus Energy, one of the UK’s largest energy suppliers, committing to Coventry after moving to Two Friargate, along with Ofqual’s move to neighbouring One Friargate.
Cllr 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."
