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OFFICES' KEY ROLE IN CITY REGENERATION; COMMERCIAL PROPERTY.

A LEADING figure in Coventry's commercial property scene believes high-class city centre office space will be the final piece in the jigsaw in the regeneration of the city.

David Penn (right), a director of Shortland Horne and a key member of the professional organisation Coventry First, said the city was undergoing radical changes.

He said: "Belgrade Plaza is proving a huge success. The finishing touches are being carried out to secure well known, branded tenants for the rest of phase two.

"Phase three gives another major opportunity for further leisure as well as residential and offices.

"Offices are the key and, without a doubt, the final piece in the jigsaw to complement the full mix a vibrant city centre needs.

"The office market in Coventry is undoubtedly improving. The business parks are performing well and schemes such as Electric Wharf demonstrate the appropriateness of mixing business and living.

"The city is now attracting confirmed requirements from major occupiers such as the Qualifications and Curriculum Authority, which has chosen Coventry as the home for an office building for 400 to 500 people.

"Major schemes such as Oakmoor Deeley's Belgrade Plaza and Cannon Kirk's development at the station, provide a real opportunity for the city to take further major strides."
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Title Annotation:Business
Publication:Coventry Evening Telegraph (England)
Date:Nov 13, 2006
Words:208
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