Coventry Building Society makes a move
Coventry Building Society is to expand is headquarter operations in one of the biggest local office lettings of the year. Coventry - the UK’s third largest building society, which merged with Stroud & Swindon Building Society earlier this year - is expanding operations to the Oak Tree Court building on the Binley Business Park after agreeing a new 15-year lease.
Up to 275 employees will be based at the 30,000 sq ft building which is currently the headquarters of the Coventry and Warwickshire Chamber of Commerce, after an off market deal was proposed and completed by commercial property specialist D&P Holt.
Under the deal, the Chamber will surrender its lease but will continue to occupy around 6,000 sq ft of the building.
Justin Quibell, from property consultants D&P Holt which acted on behalf of owners A&J Mucklow, said: “This deal is a boost for the office market in Coventry and the Warwickshire demonstrating that deals are still there to be done and we are delighted to have completed the letting in a difficult but improving market.”
