SEGRO has secured a pre-let with DP World Logistics, at SEGRO Park Coventry, its 200-acre development site in Warwick District.
SEGRO has undertaken complex remediation work to transform the former landfill site into a modern, sustainable logistics location, offering up to 3.7 million sq ft of new industrial and warehousing space. The scheme will include a 235-acre community park with footpaths, cycle routes and new woodlands and wetlands.
The new 598,050 sq ft unit, to be occupied by DP World Logistics, will be the fourth building at the development following last year’s 300,000 sq ft pre-let to a leading delivery company and SEGRO’s decision to build two speculative units of 140,000 sq ft and 220,000 sq ft which complete in September 2023.
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DP World Logistics specialises in the design and operation of complex supply chains for the high-growth automotive and technology industries. It also provides warehousing and distribution solutions for a range of clients.
In line with the company’s Responsible SEGRO commitment to be net-zero carbon by 2030, the unit will be developed to high sustainability standards, targeting a ‘BREEAM Excellent’ rating. The building will include PV panels, an office heated by air source heat pumps and 20% of car parking spaces fitted with EV charging facilities, amongst other features.
Andrew Pilsworth, Managing Director, Greater London at SEGRO, said:
“It’s fantastic that DP World, which is a new customer for us, has selected SEGRO Park Coventry for its new state-of-the-art distribution hub. This deal further expands the diversity of our customer base and demonstrates demand from customers that are looking for modern, high-quality, sustainable warehouse space in the right locations.
“The development is anticipated to create over 7,000 jobs in total, playing a key role in driving economic growth in the region.”
Denis Doyle, Head of UK Contract Logistics, DP World Europe, said:
“We are pleased to be a part of this exciting development at SEGRO Park Coventry, which is a significant step as we continue to expand our logistics solutions offerings in the UK. We are confident that operating from this site will help us to simultaneously provide a high level of service for our customers as well as build on our strong sustainability values, which saw DP World reduce its carbon output across its operations in Europe by 20% last year compared to 2021.”
Source: DP World