Developer seals 785,000 sq ft triple pre-let deal

Bericote Properties has pre-let the entirety of its 785,000 sq ft logistics park in Coventry, according to reports.

Property Weeks says that the developer has let the three units to DHL, Geodis and Viad. The scheme has been re-named Coventry Logistics Park.

Bericote bought the site from the administrators of Toys ‘R’ Us in April 2021 in a £60m deal. The developer demolished the retailer’s Goliath warehouse and replaced it with three units of 484,000 sq ft, 251,000 sq ft and 47,000 sq ft.

DHL will move into the largest floorplate, with logistics firm Geodis taking the 251,000 sq ft building and Viad the smallest.

DTRE and JLL were joint letting agents on the development.