National Grid takes 50,502 sq ft – Ashbrook Court Office, Coventry

National Grid takes 50,502 sq ft – Ashbrook Court Office, Coventry 08 September 2016

Confirmation of the strength of the Coventry office market was demonstrated by the post Brexit signing of the largest office deal this year of 50,502 sq ft to National Grid.

Avison Young, acting on behalf of Gramercy Property Trust, successfully negotiated an assignment and a new reversionary 10 year lease to National Grid advised by GVA.

Avison Young Principal, Robert Rae, confirmed “The modern Grade A building with ample car parking is an ideal new office building in an excellent location close to Junction 3 M6 and has a proven history of letting”.

The premises will be the location for the new Gas Distribution business support functions, with staff relocating from nearby offices.

Avison Young have also been instructed to sell the investment for £9 million.  Please contact Robert Rae at Avison Young (024 7663 6888) for further information.