Developer signs deal with city council for HQ expansion
Countryside, the mixed-tenure developer specialising in placemaking and regeneration, has just signed a new lease agreement with City of Wolverhampton Council to extend space at its current HQ.
Having been based at i10 Wolverhampton Interchange since 2016, the company has now increased its occupied space by around 50% and now occupies a 10,918 sq ft office.
The move forms part of the company’s continued growth within the region, where the headcount has been steadily increasing, from 88 in September 2019 to 119 to date.
Team numbers are forecast to rise by a further 14 people within the next year.
Adam Daniels, managing director, partnerships West Midlands, Countryside, said: “The region is growing exponentially, with nearly a 50% increase in houses delivered this year, growing from c.500 units up to c.900 units. We also have a healthy pipeline of new sites coming forward and at various stages of progression although our land team are constantly identifying and looking for new opportunities. Whilst it’s still a challenging environment to operate in amidst covid regulations, we remain excited and confident about the future.”
Cllr Stephen Simkins, of City of Wolverhampton Council, said: “This is very heartening news. It shows confidence to invest in Wolverhampton remains high thanks to our openness towards big and small businesses, particularly as we look to relight our city after being hit hard by the Covid-19 pandemic. We were delighted when Countryside decided to locate its HQ at i10 – and it is hugely positive to see the business expanding and staff numbers growing.
“The i10 office development has proved to be a tremendous success and on the back of this there is already strong interest from potential occupiers in further Grade A office space at i9, which is being constructed just a few yards away within the award-winning Wolverhampton Interchange.”
Countryside was represented by Savills and its internal legal team.