Coventry City Council and Friargate LLP are celebrating after winning the top prize at the annual West Midlands Business Insider awards last night.
The Council and Friargate took the ‘Deal of the year’ award after beating off stiff competition from two Birmingham developments – Priory & Temple Court and 55 Temple Row. The award was presented to Councillor Kevin Maton in front of more than 400 of the region’s top property professionals gathered to celebrate at the Hilton Birmingham Metropole.
Councillor Kevin Maton, cabinet member for business, enterprise and employment accepted the award on behalf of the winning team and said, “This award really is the one everyone wants to win because it celebrates good partnership working and nothing is achieved without the ability to work well together.
“I know that Coventry is a great place to do business but it’s very nice to have this recognised by property professionals. We have a great team at the council, working to create jobs and opportunities for local people, and this award recognises all of their hard work.
“We are determined to make our city great again and, when fully developed, Friargate is set to bring up to 15,000 permanent jobs to the city and 7,800 jobs in construction. It will create Coventry’s first ever business quarter and vibrant new public realm linking the scheme with the city centre.”
Steven Reynolds of Friargate Coventry LLP said “This award recognises the importance of Friargate to the city of Coventry. The City Council has sent a loud message to the market that Friargate is the pivotal development to transform the city’s business offer. I feel certain that the City Council’s confidence in Friargate will act as the catalyst to attract new occupiers to the scheme”
Insider’s property awards have been taking place for almost two decades and they celebrate the quality and breadth of business across the region as well as showcasing achievements.
In their comments the judges praised the way the development is set to change the city and Midlands Business Insider editor Kurt Jacobs said, “Look how much our urban skylines have changed over the past year. And I don’t mean just Birmingham with its new library, or new New Street, but developments such as the new bridge over the ring road that will transform Coventry.”
Coventry City Council is the first anchor tenant, committing to a new office building that will provide a home for 2,000 employees. The Royal Institution of Chartered Surveyors (RICS) has also agreed terms with Friargate Coventry LLP, the developers of Friargate, to locate its new UK operational headquarters at the development.