IN DEPTH
LISA PILKINGTON DEPUTY REGIONAL EDITOR ESTATES GAZETTE
DAY 3 023
The Whittle Arch Millennium Place Coventry
T
he Midlands is at the heart of the UK’s property sector and various organisations, including Coventry & Warwickshire LEP,
Northampton borough council, Invest in Derby, Invest in Nottingham, Leicester city council and Invest Ashfield & Mansfield, are showcasing the area at MIPIM UK. In the West Midlands, Coventry and
Warwickshire LEP will be aiming to show why the latest UKTI figures for 2013-14 have deemed its area as the most successful for inward investment in the UK outside of London, with 44 successes. Les Ratcliffe, chair of the Coventry and
Warwickshire Champions – a partnership of private sector businesses which helps promote the area – said: “Our advanced manufacturing and engineering sector is proving highly successful. There have been a string of investments, which together make Coventry and Warwickshire the hub of automotive and manufacturing in the UK. We want that message to reach investors.” Major city-centre mixed-use
development is taking place at the 3.2m sq ft Friargate scheme next to Coventry railway station, where the city council has kick-started the £1.5bn project with a 100,000 sq ft office headquarters prelet. This led chartered surveying body RICS to also take a prelet at the scheme, of 36,000 sq ft. Demolition work has just started and developer Friargate Coventry is on the hunt for further tenants. With the East Midlands being the UK’s
fastest-growing regional economy and Bank of England governor Mark Carney describing the region as a bellwether for the UK, Northampton borough council is planning to use MIPIM UK to attract attention to Kier’s Four Waterside development and its four-acre Greyfriars project. Kier was chosen last December to
STAGE
One of the UK’s fastest-growing regional economies, the Midlands is at the heart of the country and of the property industry.
develop the 250,000 sq ft Waterside VISIT US AT STAND J13 ATOLYMPIA, KEEP UP WITH THE LATEST NEWS AT
WWW.ESTATESGAZETTE.COM/MIPIM/AND FOLLOW US ONTWITTER @ESTATESGAZETTE
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