The former IBM campus has been rebranded as ‘The Woods’ with a focus on staff wellbeing

FI Real Estate Management (FIREM) has completed a £5m refurbishment of The Woods in Warwick, where over 70% of the 80,000 sq ft building has already been let.

The revamped office space has undergone a 12-month refurbishment programme to transform the former IBM campus into a flagship CAT A development, including coworking spaces aimed at the region’s growing freelance market.

The Woods has been designed with employee wellbeing at its heart and boasts landscaped outdoor green space, EV charging points, state-of-the-art lighting and climate cooling, collaborative working areas, a high-end reception and bistro cafe.

Catering to the changing needs of West Midlands businesses across the healthcare, medical and creative industries, the development offers a range of floor sizes for freelancers and small companies to larger organisations seeking satellite office space.

The new two storey development is set to welcome two market leaders in the health and tech sector, including Quanta Dialysis Technologies (Quanta DT) with further interest from both regional and national businesses.

Tim Knowles, founder and Managing Director of FI Real Estate Management, said staff wellbeing and welfare were at the heart of the refurbishment – right down to the building materials chosen. He said:

“The reimagined space introduces a new office concept to Warwick and will offer businesses and their employees a fresh and invigorating place to work.

“We’re drawing major interest from businesses in the region and beyond and are very pleased to have already welcomed two major players from the health and pharmaceutical sector to the building.”

Andy Smith, Senior Project Manager at FI Real Estate Management, added:

“12 months ago, we embarked on a major project to transform a tired office, to reinvigorate the space and inject inspiration. For us, this was a huge opportunity to take a look at what businesses and the wider market need from our new development. We’re very proud to have repurposed the development, relaunching it as The Woods and fulfilling our ambition to create a destination workplace, where wellbeing is built in to provide more of a hospitality experience for occupiers.”

Alejandro Galindo, Quanta CEO, said:

“We are thrilled to be relocating our corporate headquarters to The Woods. The new space supports our continued growth and fosters a collaborative work environment. We look forward to this exciting chapter and to welcoming employees and customers to the new space.”

Businesses looking for a place to call home in Warwick and the West Midlands can find out more about the space available at The Woods here.