Logistics warehouse provider, 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 square feet of new industrial and warehousing space.
The scheme will include a 235-acre community park with footpaths, cycle routes, and new woodlands and wetlands according to a recent release.
The new 598,050 square foot unit, to be occupied by DP World Logistics, will be the fourth building at the development following last year’s 300,000 square foot pre-let to a leading delivery company and SEGRO’s decision to build two speculative units of 140,000 square feet and 220,000 square feet – which will be completed in September 2023.
READ: DP World nears 20 million TEU in Q1 2023
The unit will be developed to high sustainability standards, targeting a ‘BREEAM Excellent’ rating, to align with the company’s Responsible SEGRO commitment to be net-zero carbon by 2030.
The building will include PV panels, an office heated by air source heat pumps and 20 per cent of car parking spaces fitted with EV charging facilities, amongst other features.
Andrew Pilsworth, Managing Director, Greater London at SEGRO, said: “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,” Pilsworth added.
Denis Doyle, Head of UK Contract Logistics, DP World Europe, added: “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 per cent last year compared to 2021.”
This deal comes a month after DP World Antwerp Gateway received three new quay cranes at its terminal, marking the latest milestone in its expansion and modernisation plan.
More recently, DP World set a new container handling record at the Port of Dakar, handling 76,282 TEU in March 2023.
