CLEARBELL CAPITAL SIGNS COVENTRY PRELET
Clearbell Capital has signed a major prelet at Earlsdon Park in Coventry, on behalf of a fund it manages, to global telemarketing and outsourcing firm Sitel.
Sitel has taken the space for a new headquarters and has agreed a new 10-year lease on 23,000 sq ft of space at the former technical college, which is currently undergoing a comprehensive speculative refurbishment, due to complete this month. Rents were undisclosed, but quoting rents are £16.50 per sq ft.
The deal sees Sitel effectively doubling the size of its workforce in the city. The firm is currently based in Sherbourne House in the city centre.
The mixed-use Earlsdon Park scheme, which was acquired out of receivership in 2015, includes 100,000 sq ft of offices across the former technical college and a separate self-contained building let to the Department for Education. It also features 8,000 sq ft of vacant retail space, a 100-bedroom Premier Inn hotel, multi-storey car park and development land to the rear.
Earlsdon Park is one of Coventry’s largest mixed-used schemes and is located on the edge of the city centre close to the railway station Dominic Moore, asset management director at Clearbell, said: “Coventry is experiencing fantastic momentum in terms of inward investment and occupational demand.”
Clearbell was advised by XLB, Savills and Bromwich Hardy.
To read what Coventry Telegraph reported on the news follow the link below.