DP World signs up at SEGRO Park Coventry

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.

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 content heated by air source heat pumps and 20% of car parking spaces fitted with EV charging facilities, amongst other features.

Andrew Pilsworth, Managing Director, National Logistics 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.”

SEGRO is also delivering a Community Investment Plan to support the local community and bring long-term economic and social benefits to the region.

Last year, the developer partnered with local charity, Groundwork West Midlands, to create a new outdoor green community space at the Willenhall Employment and Education Training Centre, which provides training and support for unemployed people from the area.

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. 

About SEGRO

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 9.9 million square metres of space (106 million square feet) valued at £20.9 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’s 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. 

Striving for the highest standards of innovation, sustainable business practices and enabling economic and societal prosperity underpins SEGRO’s ambition to be the best property company.

See www.SEGRO.com for further information.

About DP World in the UK

DP World exists to make the world’s trade flow better, changing what’s possible for the customers and communities we serve globally. With a dedicated, diverse and professional team of more than 103,000 employees spanning 75 countries on six continents, DP World is pushing trade further and faster towards a seamless supply chain that’s fit for the future.

DP World is at the heart of Britain’s trading future, providing the right trading infrastructure and smart logistics solutions for our customers. We believe in the UK market and have the ambition and resources to boost growth, support businesses, create jobs and improve living standards.

We have created a high-quality integrated business – two deep water ports with freight rail terminals at London Gateway and Southampton, a rapidly expanding logistics park, and an advanced software business providing online links to customers and border control.

For more information visit www.dpworld.com