The University of Warwick announced on Monday 11th November 2002 that it intends to buy National Grid House – the current UK HQ of the National Grid company.
The deal is subject to final contractual negotiations, but it is a significant opportunity for the University to acquire a ready made, high quality building on a site adjoining the University’s main campus and its Science Park. The building has become available because National Grid is moving to larger offices that can accommodate both National Grid and Transco staff.
The University expects to take full possession of the building by August. It is currently undertaking a strategic appraisal of its future plans and the purchase of National Grid House will be play a key part in enabling the University to expand its operations in research, education and training. The University of Warwick has grown in just 37 years from a green field site to become one the UK’s top 5 research universities and one of the jewels in the crown of Coventry and Warwickshire. This significant new opportunity for the University will further benefit the City and the region as it will allow the University to generate more employment opportunities, develop more new technologies, and provide new opportunities for study and training.