He said: “Korloy UK Ltd, a newly established UK subsidiary of Korloy Inc, is a leading cutting tool manufacturer headquartered in South Korea.

“The company is committed to establishing a strong and professional presence in the UK, having already established business relationships in this country for the past ten years which have been managed through its German branch.

“As well as welcoming Korloy with its South Korean origins, Loades Ecoparc is now home to Austrian, German and Chinese occupiers, in addition to the existing technology-based British occupiers.

“We are experiencing strong interest in this exciting scheme with only three units remaining.”

Loades Ecoparc is a new 15 acre development by Loades Estates in Exhall, Coventry, which is less than a mile from Junction 3 of the M6.

The scheme incorporates high quality, technology driven eco-designs such as PV (solar) panels, barrel roofs and electric charge points for vehicles.

Bromwich Hardy is sole agent for the development which features units available to lease from 1,400 sq ft up to 30,000 sq ft with planning consent for E(g), B2 and B8 use on a fully secured, gated estate with remotely monitored CCTV.

Martin Bunney of LDJ Solicitors advised Loades Estates, while James Williams at law firm Moore & Tibbits acted for Korloy UK Ltd.