A new business and trade park has been developed in Coventry attracting two major retailers and creating 40 jobs.

Vantage Park, just off the A444 near the existing Gallagher Retail Park, has reached practical completion and secured another major tenant.

The brand new business park has been developed by The Wigley Group and features four units from 4,000 sq ft to 12,000 sq ft.

F1Autocentres has announced it will occupy new 5,000 sq ft premises at the site creating 20 jobs.

The leading autocentre group is currently undergoing rapid expansion having recently opened branches in Clacton-on-Sea, Reading, Chichester, Cannock and St Albans.

Magnet, the UK’s biggest kitchen retailer, has already started to fit out its 12,000 sq ft premises and will open its new flagship store incorporating a kitchen showroom, trade counter, warehouse and offices, in August.

The two remaining 4,000 sq ft units are available through Coventry-based commercial property agent Bromwich Hardy and JLL, which has an office in Birmingham.

James Davies, director at The Wigley Group which is located at Cobalt Centre, in Siskin Parkway East, said: “We are delighted to have attracted two major retailers to the new Vantage Park development.

“The new business park offers much sought-after, high-quality industrial and warehouse space perfect for firms offering trade products and services to the public.

“We have already handed over the keys to two of the units and are looking forward to seeing F1Autocentres and Magnet opening stores at the site later this year.

“The old Alfred Herbert works area has undergone considerable regeneration over the last few years including improvements to the A444 which has transformed links to the north of the city.

“Vantage Park will help to strengthen the areas offering and we are confident that the two remaining units will receive significant interest from prospective tenants.”

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.

For further information on opportunities at Vantage Park contact James Brookes on 02476 308902