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Urban Regeneration

Friargate Coventry

Friargate has become an established destination based around new commercial developments and public realm immediately in front of Coventry rail station. As well as its commitment to sustainability and class leading environmental standards, Friargate is a world-class commercial and residential offer in an unbeatable location. It is a mixed-use, multi-phase masterplan that presents many opportunities for differing forms of investment.

Friargate JV Project Limited is open to investment structures to accelerate the delivery of future phases that will include offices, residential, retail, leisure and hotels.

The framework is established with new infrastructure, new public spaces and the first high quality office, One Friargate, occupied by Coventry City Council, The Financial Ombudsman Service, Homes England and fast growing local IT business, Kagool.

The second office, Two Friargate is on site and due for completion in late 2022, while a separate project team will be delivering a new 100-room boutique hotel for completion in 2023.
Selected as UK City of Culture in 2021 and taking part in the 2022 Commonwealth Games, Coventry is a city very much on the rise.

Key facts

• Value: Over £700m GDV
• Site Size: 3,200,000 sq ft
• Jobs: 15,000
• Delivery Timescale: Immediate

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Opportunity location

Why invest in Coventry and Warwick?

Talent, creativity, connectivity and culture are driving local development across Coventry & Warwickshire – a dynamic region in the UK Midlands.

With a 1,000-year history, we are looking to the future with local development being driven by cutting-edge technology.

Engineering and design expertise, combined with state-of-the-art research, led by the area’s two internationally respected universities, has seen it emerge as a forerunner in the development of the next generation of EV and connected autonomous vehicles. Key developments include, plans for a new 500,000sqm+ West Midlands battery ‘gigafactory’ , 37ha of employment land for manufacturing south of MIRA Technology Park and the UK Battery Industrialisation Centre (a £130m strategic investment in the UK battery supply chain).

Culture and creativity are also proving a strong catalyst for investment. Coventry as the UK City of Culture in 2021and 2022 has seen a national cultural focus on the city and the visitor economy and later this year the region will play a leading role in the 2022 Commonwealth Games.

Coventry & Warwickshire is also home to one of the largest video game development clusters in the UK, employing over 3,000 people, anchored around Leamington Spa which equates to over 10 % of the UK workforce located here and will form a key part of the new Leamington Creative Quarter project.

Insight for investors

• Type of Investment Sought: Range including partnership, direct development, or co-investment
• Target Investor(s): Business, Professional and Financial Services end occupiers and capital investors
• Value and cost info: Over £700m GDV
• Site Size: 3,200,000 sq ft
• Jobs: 15,000
• Delivery Timescale: Immediate
• Planning Status: The Friargate masterplan is approved. The first building is completed, the second building has detailed approval.

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Primary promoter

Friargate JV Project Limited; Delivery by Friargate Coventry Developments Limited