The UK's leading regeneration specialist, St. Modwen, has secured the first letting at its £13 million Whitley Business Park development in Coventry.  Business energy consultants, GET Solutions UK Ltd, has agreed a 10-year lease on the 3,400 sq ft (315 sq m) office at an annual rent of £17 per sq ft (£183 per sq m).

Strategically located off the A45 Coventry Road, adjacent to Jaguar's research and development centre in the city, Whitley Business Park will eventually comprise 1.1 million sq ft of office and industrial accommodation.  The first phase at the business park, known as Lakeside, was recently completed, boosting the provision of quality offices in Coventry with 49,578 sq ft of Grade A space across six individual buildings.

Operating from a network of three regional offices across the UK, GET Solutions is set to relocate the workforce based at its current Coventry headquarters to Building 4 at Whitley Business Park.  Mark Watkins, development surveyor for St. Modwen, explained the significance of this impending move for the business park and for the Midlands' commercial property marketplace.

Mark said: "Whitley Business Park is the newest and arguably the most prestigious business address in Coventry; and St. Modwen is confident that the first letting to GET Solutions will now act as a catalyst, driving further interest in the scheme from potential occupiers and investors.  GET Solutions is a successful, innovative business with its roots in Coventry and it is exactly the right calibre of tenant to lead the way in the creation of a thriving new business community at Whitley Business Park.

"Securing this letting so quickly after the completion of the first phase of the scheme demonstrates the strong appeal of Whitley Business Park: its quality offering and strategic location.  St. Modwen believes that this letting also provides a clear indication that there is activity in the regional commercial property market, and with interest expressed in several of the other units at Whitley Business Park; the scheme is set to play a major role in Coventry's renaissance."

Five units are now remaining at Whitley Business Park, ranging in size from 2,800 sq ft to a 26,000 sq ft.  All offer flexible office accommodation which can be tailored to occupiers' needs, providing a productive and efficient working environment whether in cellular or open plan format.  The largest property, Building 1, has been designed to suit a company headquarters and can also be sub-divided into four separate offices.  

Savills are St. Modwen's appointed agents at Whitley Business Park.  Nick Williams, director at Savills, said: "Whitley Business Park is a landmark development that offers highly specified and quality office space. Furthermore, it benefits from a superb location at the heart of Coventry's transport network making it an ideal choice for local, regional and national companies." 

Whitley Business Park benefits from significant frontage to the A45 Coventry Road, close to its juncture with the A46, both recognised as the city's major arterial connections to the surrounding motorway network and in particular the M6, the M40 and the M1.  Birmingham and Coventry Airports are within a short drive, the latter being within two miles of the scheme. 

Mainline rail connections at Coventry City Centre, Warwick Parkway and Birmingham International complete a comprehensive transport network.