German parts supplier Brose has agreed to let a 75,000 sq ft industrial unit in Coventry from property investment company Palace Capital as it expands its operations.

The five-year agreement comes as the company expands in the UK where it is launching new products for its customers, including Jaguar Land Rover and Nissan.

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Palace managing director Neil Sinclair said: “We are delighted to sign a lease agreement with Brose for this large industrial unit. Coventry has a strong local economy and is a buoyant hub for the automobile industry and it is benefiting from the success of Jaguar Land Rover in particular.”