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Council comment on the Royal Institute of Chartered Surveyors

Published Wednesday, 08 March 2017

A leading Coventry Councillor has reacted to the news that the Royal Institute of Chartered Surveyors (RICS) has decided not to relocate to the building currently under construction at Friargate.

The RICS board met today where the decision was taken. This means the Council will now revert back to the original plan with 1,800 people moving into the new 11 storey building later this year. 

Commenting on the board decision, Councillor Jim O'Boyle, Cabinet Member for Jobs and Regeneration, said: "I'm disappointed though not surprised that the RICS have decided against a move to Friargate.

"When I knew the second building at Friargate wouldn't be built quickly enough for RICS we moved fast to come up with a solution for them, so this is disappointing news. But we wish the RICS well with whatever their next move is.

"Now, for us it's simple - we will crack on with working with the developer to attract other businesses to the site. We believe Friargate has great potential but this experience demonstrates that a more robust approach to the development of the critical Friargate scheme is needed, so that’s what’s we will be working on.”

Councillors agreed a plan on 24 January that allowed the RICS to take over two and a half floors of the 11 storey building now taking shape near the railway station.The plan would have seen the Council sub-letting the office space at Friargate and extending the lease at Westwood Business Park so RICS could sublet to another tenant and generate income.

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