Market Leads & Opportunities
Work to commence on Two Friargate after £50m WMCA cash injection
Development of a second office building at Friargate in Coventry is set to take a major step forward this week with contractors beginning work on site.Following a comprehensive tender process Bowmer and Kirkland has been appointed by the Friargate Joint Venture to deliver Two Friargate and work started this week. Two Friargate will be located next to Coventry Railway Station, which is currently undergoing its own multi-million-pound development and is one of the busiest in the UK. It is also within walking distance of Coventry City Centre which is also benefiting from significant investment. Work to commence on Two Friargate after £50m WMCA cash injectionThe development of this second office building has been made possible thanks to a £51.2m grant from the West Midlands Combined Authority (WMCA).It is estimated that the scheme, which will see up to £17m contributed by Coventry City Council on top of the WMCA’s money, will create up to 700 jobs during construction.Work is already underway to talk to businesses that might want to take part or all of the building – creating further jobs.Two Friargate which is to be owned by the City Council, will contain 134,000 sqft of lettable Grade A office space.The office space will be of a premium standard with state-of-the-art technological infrastructure, environmentally friendly and easily adaptable in order to suit any future occupiers.
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