Developer and funder plan overhaul of major logistics complex

Stoford and BlackRock UK Property Fund (BUKPF) have submitted a planning application for the redevelopment of a 16.4-acre logistics complex in Coventry.

The proposed scheme would see the construction of a new 302,000 sq ft unit on a brownfield site at Middlemarch Business Park, Siskin Parkway West, currently occupied by a national logistics operator.

Stoford plans to demolish an existing 1970s building and replace it with a new purpose-built logistics facility, with integral three-storey office space. It will target BREEAM Excellent.

BUKPF has a long lease on the site from the landowner, Coventry City Council, and has appointed Stoford as the scheme’s development manager. The two parties have previously delivered industrial developments totaling more than 310,000 sq ft on the sites immediately to the north and west of the application plot, which are now occupied by Zooplus and World of Books.

Dan Gallagher, joint managing director of Stoford, said: “This scheme presents the opportunity to secure the long-term future of the site through a replacement complex which meets modern, operational needs. Our proposals not only support economic growth but will deliver an attractive landscaped environment and a better place for people to work.”