Friargate Hotel Indigo

Industrial (B2)

Industrial (B8)

Office/Commercial

Residential

Retail

Urban Regeneration

Friargate Coventry

Friargate has become an established destination based around new commercial developments and public realm immediately in front of Coventry rail station, with a commitment to sustainability and class leading environmental standards. Friargate is a world-class commercial and residential offer in an unbeatable location with a mixed-use, multi-phase masterplan that presents many opportunities for differing forms of investment.

Friargate JV Project Limited is open to investment structures to accelerate the delivery of future phases that will include offices, residential, retail, leisure and hotels.

The framework is established, with new infrastructure, new public spaces and the first high-quality office, One Friargate, occupied by Coventry City Council, The Financial Ombudsman Service, Homes England and OfQual.
The second office, Two Friargate, is open for business with Octopus Energy Group occupying from March 2024. The four star, 101-room boutique Hotel Indigo opened in January 2024 further boosting hotel quality in the city.

Coventry is a place of heritage and culture that always has a story to tell; an historic city at the modern heart of the country.

Coventry is an established centre of retail, culture and business.
With a rich past and an exciting commercial future, Coventry is helping to drive the growth agenda as a place of ingenuity, cutting-edge manufacturing and commercial innovation.

Less than one hour from London, Friargate is one of the largest mixed- use developments in the West Midlands. An ambitious new business destination, Friargate is delivering prime new offices, hotels, homes, shops, restaurants and public space – all next to Coventry railway station and just a five minute walk from the city centre.

Friargate won the 2017 West Midlands Regeneration Project of the Year at the West Midlands Property Awards, while One Friargate has won a number of awards in 2018, including the British Council for Offices (BCO) regional awards: Best Corporate Workplace and the LABC West Midlands Awards: Best Public Service Building uplift.

Friargate will deliver almost 300,000m2 of mixed use development and generate thousands of new jobs. In total, Friargate will deliver 25 sustainable new buildings including 213,677m2 of Grade A offices, two hotels, 19,974m2 of retail, at least 400 new homes plus 10,219m2 of leisure.

Key facts

  • Established destination based around new commercial developments and public realm immediately in front of Coventry rail station
  • Mixed-use, multi-phase masterplan that presents many opportunities for differing forms of investment
  • Almost 300,000m2 of mixed use development and generate thousands of new jobs
  • Friargate will deliver 25 sustainable new buildings
  • Open to investment structures to accelerate the delivery of future phases that will include offices, residential, retail, leisure and hotels
  • One of the largest mixed- use developments in the West Midlands
  • Winner of the 2017 West Midlands Regeneration Project of the Year at the West Midlands Property Awards
  • One Friargate won a number of awards in 2018
Friargate Balcony
Friargate Hotel Indigo
Friargate internal

Opportunity location

Why invest in Coventry and Warwick?

Talent, creativity, connectivity and culture are driving local development across Coventry & Warwickshire – a dynamic region in the UK Midlands.

With a 1,000-year history, we are looking to the future with local development being driven by cutting-edge technology.

Engineering and design expertise, combined with state-of-the-art research, led by the area’s two internationally respected universities, has seen it emerge as a forerunner in the development of the next generation of EV and connected autonomous vehicles. Key developments include, plans for a new 500,000sqm+ West Midlands battery ‘gigafactory’ , 37ha of employment land for manufacturing south of MIRA Technology Park and the UK Battery Industrialisation Centre (a £130m strategic investment in the UK battery supply chain).

Culture and creativity are also proving a strong catalyst for investment. Coventry as the UK City of Culture in 2021and 2022 has seen a national cultural focus on the city and the visitor economy and later this year the region will play a leading role in the 2022 Commonwealth Games.

Coventry & Warwickshire is also home to one of the largest video game development clusters in the UK, employing over 3,000 people, anchored around Leamington Spa which equates to over 10 % of the UK workforce located here and will form a key part of the new Leamington Creative Quarter project.

Insight for investors

  • Type of Investment Sought: Range including partnership, direct development, or co-investment
  • Target Investor(s): Business, Professional and Financial Services end occupiers and capital investors
  • Value: Over £700m GDV
  • Site Size: 30 hectares
  • Jobs: 2,000
  • Delivery Timescale: Immediate
  • Planning Status: Friargate Masterplan approved; first and second offices (c.250,000 sqft) and four star hotel built
Balcony Friargate Coventry
Primary promoter

Delivery by Friargate JV Project Limited

Owned and managed by Coventry City Council and the Cannon Kirk Group, a Dublin-based development and property investment business that includes US venture capital, Oaktree Capital Management, among its shareholders.