A national provider of serviced offices is planning a £3 million investment in Warwick.
Pure Offices, which operates serviced offices in 13 centres across England and Wales, has agreed to buy nearly an acre of land at Tournament Fields just off junction 15 of the M40.
It is now working up a scheme for a 17,600 sq ft building which could bring around 200 jobs to the business park, and hopes to submit a planning application in the next two weeks.
Nick Smith, of Pure Offices, said it would be the company’s second major investment in the area.
“We opened a new serviced office centre on Tachbrook Park in Leamington in 2009 and it has been a real success,” he said.
“Tournament Court is very well placed between Coventry and Stratford and we see it servicing a different area.
“We do not have two centres as close to each other as Leamington and Warwick anywhere else and I think that shows how strong the economy is.
“We see our centres as a real asset to the local business community and to really give companies the chance to grow and thrive.”
Pure Offices, based in Newbury, offers offices on flexible terms with low cost broadband and telephone services.
There are 68 offices, and 52 businesses employing more than 200 people at the Leamington complex.
Pure is part of Highcross – a property fund manager specialising in property investment and development opportunities.
Andrew Wall, of commercial property agents Wareing & Company, said the decision of Pure to double its investment was a real vote of confidence in the area.
“Tournament Fields is well positioned to serve Warwick, Stratford and the surrounding areas and that fits perfectly with the needs of Pure Offices,” he said.