£60m property deal could bring new logistics hub to Coventry
A major Coventry warehouse is set to be redeveloped after a £60m deal was secured by a new joint venture partnership.
Reports in Property Week say that a tie-up between Bericote and JP Morgan has bought the 660,000 sq ft Goliath warehouse in the city.
The site was previously home to Toys ‘R’ Us before it went into administration. Now, the JV wants to redevelop it and it looking to turn it into a logistics hub.
Goliath is made up of 646,500 sq ft of warehouse space with an additional 19,500 sq ft of office accommodation. It also has 59,000 sq ft of mezzanine space.
Property Week says that DTRE acted for the joint venture, while JLL acted for the Toys ‘R’ Us administrators.