Birmingham and Solihull-based independent commercial property agency KWB has acquired more than 11,000 sq ft of refurbished office space at a Coventry business park.
Acting on behalf of international IT business consultants Itelligence Business Solutions, KWB Director John Bryce acquired 6,744 sq ft on the ground floor of 2M Middlemarch, Siskin Drive, Middlemarch Business Park, Coventry, CV3 4FJ, a refurbished headquarters style office suite.
At the same time, Les Balla, Senior Director in KWB’s Property & Asset Management Department, acquired 4,772 sq ft for a leading medical charity, in a self-contained office suite over two floors, at building 4M, also on Middlemarch Business Park. Both offices were acquired on new 10 year leases, at headline rents of around £15psf. JLL and Knight Frank acted for the landlord, Bridges Fund Management.
Mr Bryce says: “Middlemarch Business Park is set in a landscaped environment with good facilities, close to the A45, A46, Eastern Bypass and Coventry Airport which makes it an ideal location for our clients.
“The shortage of readily available office space in and around Coventry, and further west in Solihull and along the M42 corridor, makes it even more important for organisations searching for new office accommodation to use an acquiring agent. This is the only way they can be sure of considering all the space which is available both on- and off-market, and of getting the best deal on total occupational costs.”