Warehousing giant relocates ’big box’ team to Coventry
SEGRO has agreed a deal with Coventry City Council to occupy 7,000 sq ft of office space at Two Friargate.
The owner, manager and developer of industrial warehouses will relocate 25 staff to Coventry, as it looks to make a major commitment to the West Midlands.
SEGRO will occupy the 12th floor, which will become the home of its National Markets team that primarily develops, owns and manages larger, ‘big box’ warehouses used for logistics.
£2bn is set to be invested by SEGRO 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.
Two Friargate is one of Coventry’s newest Grade A office buildings, and the second building is to be developed as part of the wider Friargate Business District.
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.
Dan Holford, Head of National Markets, SEGRO, said: “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.”
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. 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.”
