National property consultant GVA has been appointed as agent on Coventry city centre’s proposed Friargate development.
Sitting adjacent to Coventry Train Station – a key stop on the West Coast Main Line – Friargate will clear much of the existing concrete façade from the area, delivering a 300,000 m2 (3,200,000 sq ft) office-led mixed use development. The project is set to be delivered by developer Friargate Coventry LLP, working in partnership with Coventry City Council.
The proposed plans for the 37 acre (15 hectare) site features a total of 25 new buildings, including 14 Grade A office buildings, two hotels and new residential dwellings.
Rodney Pilcher, Friargate Coventry LLP, said: “By appointing GVA as agent, we have enlisted their expertise and experience of working in the kind of vibrant, high-quality mixed-use business destinations that we are sure Friargate will create.
“We believe that Coventry will face an undersupply of quality and sustainable office space and Friargate represens one of the few major office-led schemes that will be ready to deliver efficient, low-carbon buildings that meet the needs of the modern business.
“With strong national links via rail and road – coupled with vastly improved local connections – Friargate represents a more fitting welcome to Coventry for visitors travelling by train, as well as connecting directly to the city centre through new pedestrianised streets and boulevards.”
Work on the strategic regeneration project – which will be delivered in phases over the next 15 years – is expected to commence in early 2013.
Ian Stringer, Midlands Regional Senior Director, GVA, said: “Friargate represents the first opportunity for substantial, concentrated development activity in Coventry, since the development of the out of town business parks around the city over 20 years ago and this is a hugely exciting opportunity.
“The size and scale of this project was an immediate draw for us, and as we have seen from our experience from previous large-scale city centre developments that by incorporating a combination of uses, offices, leisure, retail, hotels, residential and other complimentary elements as Friargate Coventry LLP has done here, it creates a truly high-quality mix and opens out the scheme to the wider community.
“Office occupiers are becoming increasingly discerning when it comes to both their accommodation and also the quality of public realm around their buildings, creating a more holistic working environment. For some, this can be as important as the buildings themselves and Friargate looks set to create some truly outstanding public spaces.”