Industrial developer Panattoni has secured full reserved matters planning consent at Panattoni Park Coventry, paving the way for construction to start on a 540,000 sq ft logistics development.
The first unit at the park will be ready for tenant occupation in Q3 2026, while building will start this quarter.
Once delivered, it will become one of the Midlands’ largest speculative logistics units, targeting BREEAM “Outstanding” and EPC A+ credentials, meeting the rising demand from occupiers seeking future-proofed facilities in prime locations.
The 55-acre site provides direct access to the national motorway network and lies within a four-hour drive of 90% of the UK population.
Patrick Clews, development manager for East & West Midlands, said: “Having witnessed the Midlands market dominate occupier take-up in 2024, it is extremely exciting to announce that construction will be commencing imminently on our latest speculative development in Coventry.
“At over half a million square feet, it will be one of the largest speculative units currently under development in a market where we’re seeing increasing pressure from tenants who are scaling quickly into new energy-efficient facilities.
“I’m excited to be joining Panattoni at such a pivotal time and to help drive the delivery of this flagship scheme.”
The facility will also feature significant sustainability enhancements, including 100 EV charging points, solar PVs, water leak detection systems, and high-efficiency insulation.
Panattoni is being advised on the scheme by Cushman & Wakefield and Newmark.
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