Coventry Building Society to close three branches in the city...

[dutchman]

Coventry Building Society branch to close permanently this weekend



Coventry Building Society has confirmed the date of the permanent closure of its Earlsdon branch.

It was announced last year the site on Earlsdon Street would close as part of a restructure which would see the main city centre branch relocated.

We can now confirm the Earlsdon branch will close for good this Saturday (January 29).

The decision to close it, part of an ongoing branch transformation programme, is due to it being “the quietest branch in the area”, the society revealed last year.

A statement on Coventry Building Society's website confirmed the closing date this Saturday.

The city centre branch in High Street is set to relocate to the Precinct, in the building previously home to River Island.

Discussing the Earlsdon branch closure, Matt Mannings, head of branch network at Coventry Building Society, said: “In October last year, at the same time as we announced it in the media, we wrote to all our members who use the Earlsdon branch to let them know we’d be permanently closing it on Saturday, January 29.

"And our branch team has been talking to members about this change ever since. They will all move to roles in other nearby branches."

[dutchman]

"...we wrote to all our members who use the Earlsdon branch to let them know we’d be permanently closing it on Saturday, January 29"

Oh no they didn't!

I have received a lot of correspondence from The Cov since October and none of it mentioned the branch closure.

[dutchman]

Deal struck for Coventry Building Society’s former headquarters



Coventry Building Society's former headquarters has been sold in a deal brokered by real estate adviser Cushman & Wakefield.

The 44,649 sq ft four-storey building, Economic House, has been acquired by Oxford Business College (OBC). OBC has existing campuses in Oxford, London, Slough and Nottingham.

Economic House was Coventry Building Society's home for more than a century. The company vacated the building last year to consolidate all head office operations to Binley Business Park, including the recent acquisition of Coventry House.

Economic House, sold to OBC for £2.6m, is situated on High Street next to Coventry University's campus.

Ruth Winder, Estates Manager at Coventry Building Society, said: "Having successfully completed the relocation of our offices and new city centre branch, it was the right time for us to sell Economic House.

"We are delighted to see the building go to Oxford Business College - an education provider committed to creating a high-quality learning and teaching environment that will benefit students in Coventry, and the wider community, for many years to come."

Arthur Morgan, Associate in Cushman & Wakefield's offices team in Birmingham, added@ "Economic House is a prominent building that sits in a prime city centre location. We received considerable interest from a variety of companies looking to invest in and revive existing office space in central Coventry.

"It was a pleasure to secure the sale of the building on behalf of our client."