BROMWICH HARDY ACT IN MAJOR NEW RETAIL SCHEME
The UK’s biggest kitchen retailer Magnet has announced plans to open a new shop – the first one for a new Coventry business park.
Magnet will take the first unit at the brand new Vantage Park, just off the A444 near the existing Gallagher Retail Park.
It will be the second Coventry store for the retailer, which has another base in Foleshill Road.
Work on the new Vantage Park started this week and is expected to last until next summer.
The new park will feature four units from 4,000 sq ft to 12,000 sq ft, totalling 25,000 sq ft, and is aimed at trade products and services available to the public.
Magnet is the first company to sign up and its new base will incorporate a kitchen showroom, trade counter, warehouse, offices and parking.
Mike Vining, from Vining Management Ltd and development consultant for Wigley, said: “This will be a very beneficial development for the area which has undergone considerable regeneration in recent years.
“It is fantastic to be able to welcome a firm of Magnet’s stature to the new trade park.
“It will provide them with a suitable showcase in this area of the city with very good transport links and car parking. They will also be a flagship operator which will help us attract other leading tenants.
“The improvements to the A444 have transformed the links from the city to the north of the city and this development uses that location to the full.”
Andy Cartlidge, head of group property and store development at Magnet, said: “We are delighted to be included in this development in such a prominent and busy location, and this will be a flagship store for us in the Midlands.”
The new trade park is the latest of several developments in the area from The Wigley Group.
It created a new northern hub for Royal Mail and sold land to Lidl for a new store, while the Signal Box pub was opened in the summer, all off the A444 between the Gallagher Retail Park and Foleshill Road roundabouts.
James Davies, of The Wigley Group, added: “We have been developing in this area of Coventry since the mid-1980s, after gaining planning permission for Gallagher Retail Park, and have played a leading role in its regeneration. This new park is another major landmark for the area.”
For further information on availability at Vantage Park please contact James Brookes of Bromwich Hardy 02476 308900 or joint agents JLL Birmingham