Big sheds go up next to Coventry airport
M&G Real Estate has begun construction of Coventry’s Imperial Park industrial estate.
Warwick District Council has given detailed planning permission for three warehouse distribution units of 350,000, 165,000 and 60,000 sq ft respectively.
M&G Real Estate acquired the 29-acre site next to Coventry airport earlier this year and has committed more than £50m to the speculative development. Rigby Group and Evander Properties are acting as development manager.
Paul Crosbie, head of logistics and industrial at M&G Real Estate, said: “Our commitment to speculatively develop these prime units underlines our belief in this West Midlands location as a core UK logistics hub where there is a diminishing supply of Grade A accommodation and robust demand from a variety of industrial occupiers.”
Andrew Cox of Rigby Real Estate said: “Imperial Park is a major scheme which will transform an unused area of land, giving it a renewed economic relevance as a modern business hub bringing jobs and investment to Coventry and Warwickshire, and the wider regional economy.”
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This article was published on 31 Aug 2016 (last updated on 31 Aug 2016).