Multi-million-pound logistics scheme extension gets the go-ahead

Prologis has secured planning permission to deliver a further 159,000 sq ft of logistics space at its 2m sq ft Coventry facility.

The logistics property owner, investor and developer will deliver either a single-unit or two-unit scheme on Prologis Park Coventry, depending on customer demand.

Once complete, the scheme will bring the total value of assets under Prologis management in the Midlands to more than £3bn and the business’ Warwickshire footprint to over 3.4m sq ft spread across Prologis Park Ryton and Prologis Park Coventry.

New tenants will join major companies such as IFCO, Halfords, DHL, Parcel Force and Co-Op on the park, as well as being in a highly sustainable unit with Prologis aiming to deliver an EPC A and BREEAM ‘Excellent’ rating, as well as being net zero carbon in construction.

This latest investment follows a string of other recent planning successes for the business, including at Prologis Parks Luton, Hemel Hempstead and Croydon.

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.”