Global swimwear brand, Speedo, is to move its international headquarters to the Ng2 business park in Nottingham.

The company has signed a 17-year lease on the three-storey, 43,000sq ft premises, which will house 170 staff when it opens at the end of 2010.

The site will also provide state-of-the-art facilities for the development of new Speedo products within its global Aqualab Research and Development Centre, besides acting as the brand's international base for visiting partners and Speedo sponsored athletes.

Speedo has recently celebrated 80 years in operation.