Planning consent has been granted to deliver either a single unit or two-unit scheme on the Prologis Park Coventry site, depending on customer demand.
It follows a string of recent planning successes for the business, including at Prologis Parks Luton, Hemel Hempstead and Croydon. Once complete, the scheme at Prologis Park Coventry will bring the total value of assets under Prologis management in the Midlands to more than £3 billion and the business’ Warwickshire footprint to over 3.4 million sq. ft., spread across its holdings at Prologis Park Ryton and Prologis Park Coventry.
Located five minutes from M6 J3 and within 15 miles of five different motorways, Prologis Park Coventry is seen as a popular location for businesses within the automotive and wider logistics sector.
Caroline Musker, Head of Planning at Prologis UK, said: “This multi-million-pound expansion of Prologis Park Coventry will help to activate growth of local businesses and generate further inward financial opportunities.
“We pride ourselves in our expertise in providing agile spaces that deliver scalable groundbreaking solutions. Delivering flexibility through our two permissions at this scale means we can be adaptable to the market and the requirements of prospective tenants.”
Maria Bailey, Head of Planning at Nuneaton and Bedworth Borough Council, added: “It is our foremost priority to support activity which will directly provide a net benefit to our region. The granting of this planning application means that there are more chances than ever for the local community to pursue roles within a stable and progressive industry.
“Supporting the growth of businesses, and attracting more commercial activity to the area, will secure the delivery of a valuable employment site and bring inward investment and jobs to the borough.”
With the opportunity to be neighbours with companies such as IFCO, Halfords, DHL, Parcel Force and Co-op, the new unit will be targeting an EPC A and BREEAM ‘Excellent’ rating, as well as being net zero carbon in construction.