Building society leases more Coventry floor space

Posted on by John Cronin

The Coventry Building Society has taken on more office space in one of the biggest office lettings deals seen in the city in 2010.

Having agreed a 15-year lease, the Coventry Building Society has taken 24,000 sq ft of the available 30,000 sq ft within the office block in the Binley Business Park. Oak Tree Court is currently let to Coventry and Warwickshire Chamber of Commerce (official site) who will continue to lease 6,000 sq ft of the available floor space. The building is owned by Midlands based property company A&J Mucklow. Rental prices have not been disclosed as yet.

The Coventry, now the third largest building society in the UK having merged with the Stroud and Swindon Building Society in September, will continue to occupy the adjacent office building – the 52,000 sq ft Oakfield House.

binley innovation centreBinley Business Park offers a range of office accommodation with many office buildings aimed at the technology and IT industries. The business park offers a conference centre and is also home to part of the University of Warwick Science Park.

The Binley Innovation Centre (pictured) offers serviced offices and is joint venture between Coventry City Council, Coventry & Warwickshire Chamber of Commerce and the University of Warwick. The building consists of multiple units ranging in floor spaces from 238 sq ft up to 1700 sq ft. All 39 offices are available on flexible leases, ranging from periods of 6 months to 3 years.

Last month Coventry City Council instructed agents North Rae Sanders to sell the former Visteon premises – an office building comprising approximately 19,500 sq ft.

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