SEGRO secures lease agreement with DP World for new state-of-the-art 220,000 sq ft facility at SEGRO Park Coventry

The agreement delivers a significant expansion of DP World’s operations at SEGRO Park Coventry. The company already occupies 600,000 sq ft of workspace – its largest warehouse in the UK which opened in 2024 – as a key regional storage and distribution hub.  

With an EPC A and BREEAM Excellent rating, the speculatively-built facility incorporates leading edge sustainability credentials, including photovoltaic panels, electric car charging points, LED lighting and solar thermal water heating.

SEGRO is now providing a fit-out of the building to meet DP World’s specifications, ahead of the business taking full occupation in Spring 2026.

Dan Holford, Head of National Markets at SEGRO, commented:

“We have worked closely with DP World to provide a facility which accommodates and supports its ambitious expansion plans here in the UK.  It is always pleasing when an existing customer chooses to grow its business with us and this commitment reflects both the quality of the location and workspace at SEGRO Park Coventry.”

Tom Parker, Real Estate Director, DP World said:

“Leasing this 220,000 sq ft industrial building in Coventry marks another important step in strengthening DP World’s UK logistics network. Expanding our footprint at SEGRO Park Coventry allows us to operate from a high-quality Grade A, multi-user facility that supports our growth ambitions and enhances service for our customers. We are pleased to continue our long-standing relationship with SEGRO, whose portfolio and commitment to high-specification industrial space aligns closely with our operational requirements.”

The lease agreement means that one speculatively-built 140,000 sq unit remains available for immediate occupation, along with up to 2.4 million sq ft of pre-let, build-to-suit opportunities.  

Once fully occupied, SEGRO Park Coventry is expected to employ around 5,000 people. In the Autumn, the development celebrated a success with 56% of the existing occupiers’ employees commuting sustainably via walking, cycling, public transport, or car sharing. This is almost triple the original target of 20% set for the first year of operation. This achievement highlights SEGRO’s ongoing commitment to delivering environmentally responsible and accessible logistics spaces.

About SEGRO

SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris. The company owns, manages and develops modern warehousing, industrial property and data centres across the UK and seven other European countries, with a portfolio of 10.8 million square metres of space (116 million square feet) valued at £21.4 billion at 30 June 2025.

Founded in 1920, SEGRO's active approach to asset management and disciplined approach to capital allocation has created a portfolio of high-quality, sustainable buildings in some of Europe's largest cities and at key transport and digital infrastructure hubs.

From big-box logistics to urban warehousing and data centres, SEGRO creates the space that enables extraordinary things to happen. It provides the infrastructure of modern economies and everyday life, enabling efficient, low-carbon supply chains and digital connectivity across Europe, helping drive growth and job creation. This space supports a diverse customer base including retailers, manufacturers, logistics providers and technology companies.

SEGRO is committed to being a force for societal and environmental good, prioritising Championing low-carbon growth, Investing in local communities and environments, and Nurturing talent.

For more information, visit www.SEGRO.com.