DHL Parcel UK takes first space at SEGRO Park Coventry
DHL Parcel UK has become the first customer at SEGRO Park Coventry after choosing the development as the location for a major new UK logistics hub
Alongside the pre-let deal, SEGRO plans to speculatively build two warehouses comprising 140,000 sq ft and 220,000 sq ft of space, to help meet market demand and capitalise on construction synergies and efficiencies.
DHL will occupy a 300,000 sq ft unit on a 25-year lease at the 200-acre industrial and logistics park in Warwick District, creating up to 600 jobs. Combined with the development of the two speculative units, it means one third of the 3.7m sq ft SEGRO Park Coventry development will be under construction ahead of completion of the infrastructure works next year. All three buildings are scheduled to be ready for occupation by summer 2023.
In line with the company’s Responsible SEGRO commitments, the three units will be developed to high sustainability standards, including targeting a ‘BREEAM Excellent’ rating. The overall development will benefit from the creation of a 235-acre community park, which will offer footpaths, cycle routes and new woodlands and wetlands. SEGRO will also be implementing a series of programmes to support the local community, helping deliver long-term economic and social benefits to the region.
Peter Fuller, CEO of DHL Parcel UK, said:
“The investment in our new hub is a central part of our growth strategy in the UK. The new facility will have the capacity to handle over 500k items per day. It has been designed to put us at the forefront of sustainable and digital logistics thanks to state-of-the-art mechanisation as well a range of industry-leading features to minimise its environmental impact such as solar panels and LGV electric charge points.”
Andrew Pilsworth, Managing Director, National Logistics at SEGRO, said:
“DHL Parcel’s decision to choose SEGRO Park Coventry for a new parcel hub is an important milestone in what will be a bright future for this development, and highlights the ongoing demand for modern, high quality, sustainable industrial space. The new facility will provide DHL with the scale, location and connectivity to meet ever-increasing customer needs for the delivery of goods.
“We will be working hard to secure customers for the two speculative buildings and remaining pre-let space at the site to ensure that SEGRO Park Coventry can play a key role in creating jobs and driving economic growth in the region.”
Ideally located to the south of Coventry Airport and centrally within the UK, SEGRO Park Coventry will provide up to 3.7m sq ft of industrial and logistics space, providing easy access to six motorways within 16 miles. These include the M6, M69, M42, M40, M45 and M1. occupiers include Jaguar Land Rover, UK Battery Industrialisation Centre and Sytner Group.
Notes to editors:
SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and is a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 9.6 million square metres of space (103 million square feet) valued at £21.3 billion serving customers from a wide range of industry sectors. Its properties are located in and around major cities and at key transportation hubs in the UK and in seven other European countries.
For over 100 years SEGRO has been creating the space that enables extraordinary things to happen. From modern big box warehouses, used primarily for regional, national and international distribution hubs, to urban warehousing located close to major population centres and business districts, it provides high-quality assets that allow its customers to thrive.
A commitment to be a force for societal and environmental good is integral to SEGRO’ purpose and strategy. Its Responsible SEGRO framework focuses on three long-term priorities where the company believes it can make the greatest impact: Championing Low-Carbon Growth, Investing in Local Communities and Environments and Nurturing Talent.
See www.SEGRO.com for further information.