DP World moves its operations to SEGRO Park Coventry

Logistics warehouse provider SEGRO has secured a pre-lease with DP World Logistics at SEGRO Park Coventry, its 200 hectare development site in the Warwick District.

SEGRO has transformed the former landfill into a modern, sustainable logistics site with up to 3.7 million square meters of new industrial and storage space through complex renovation measures.

According to a recent publication, the project will include a 235-acre community park with footpaths, bike paths and new forest and wetlands.

The new 598,050-square-foot unit, to be occupied by DP World Logistics, will be the fourth building in the development after last year pre-letting 300,000-square-foot to a leading delivery company and SEGRO deciding to build two speculative units of 140,000-220,000-square-foot – which will be completed in September 2023.

The unit will be developed to high sustainability standards and will target a “BREEAM Excellent” rating to live up to the company’s responsible SEGRO commitment to be carbon-free by 2030.

The building will include, among other things, PV panels, an office heated with air source heat pumps and 20 percent of the parking spaces with charging options for electric vehicles.

Andrew Pilsworth, Managing Director, Greater London at SEGRO said: “This transaction further expands the diversity of our customer base and demonstrates the demand from customers looking for modern, quality and sustainable warehousing space in the right locations.

“The development is expected to create over 7,000 jobs in total, which will play a key role in spurring economic growth in the region,” added Pilsworth.

Denis Doyle, Head of UK Contract Logistics, DP World Europe, added: “We are confident that operating from this location will help us provide a high level of service to our customers whilst building on our strong sustainability values, DP World has reduced its carbon emissions from its operations in Europe by 20 percent over the past year compared to 2021.”

This deal comes a month after DP World Antwerp Gateway received three new quay cranes at its terminal, marking the latest milestone in its expansion and modernization plan.

Recently, DP World set a new container throughput record at the Port of Dakar, handling 76,282 TEUs in March 2023.

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