An international manufacturer of high-tech health and fitness monitoring equipment is moving its UK headquarters into new offices in Coventry.
Polar, a world leader in wearable sports and heart rate technology, has agreed a five-year lease for the site at the Cobalt Centre on Middlemarch Business Park in a deal concluded by commercial property agents Bromwich Hardy.
The company, which is based in Finland but operates across the globe, turned to Bromwich Hardy to help it find a new base after the lease expired on its former site in Warwick.
Finance director John Gibbs said the company, which first came to the UK in 2005, said: “We have a mix of national and locally-based staff and didn’t want to move too far from our former base and the new offices fit the bill perfectly.
Bromwich Hardy partner David Penn – who acted for the landlord, added: “It is heartening to see a major company such as Polar showing its ongoing commitment to the region through taking on these new offices, whilst the landlord is delighted to have secured such a high-quality tenant.
“Despite the impact of the pandemic, there is still a clear demand for offices which are fitted out to high standards and located in the right environment. These offices ticked both those boxes which is why we were able to conclude this deal so successfully.”