Logistics giant secures approval for £135m Coventry scheme

Panattoni, the world’s largest privately owned industrial developer, has secured full reserved matters planning consent for its £135m scheme in Coventry.

The Panattoni Park Coventry site was purchased from L&Q Estates last year, with outline planning approval for 600,000 sq ft of logistics facilities, including a main unit spanning 540,000 sq ft and the potential for two additional units of 40,000 sq ft and 20,000 sq ft each.

Taylor Wimpey also acquired space to develop 73 homes within the development area, in a transaction facilitated by Holt Property.

Construction is now set to begin at the 55-acre site this quarter, with the first 540,000 sq ft unit – developed speculatively – expected to be ready for tenant occupation by Q3 2026.

Once delivered, it will become one of the Midlands’ largest speculative logistics units, targeting BREEAM “Outstanding” and EPC A+ credentials.

Panattoni Park Coventry will also be Panattoni’s first project to achieve a WiredScore accreditation, which is a global digital connectivity certification that assesses and promotes technology infrastructure in real estate.

The facility will also feature 100 EV charging points, solar PVs, water leak detection systems, and high-efficiency insulation.

Panattoni has strengthened its regional team with the appointment of Patrick Clews as development manager for East & West Midlands.

Clews said: “Having witnessed the Midlands market dominate occupier take-up in 2024, it is extremely exciting to announce that construction will be commencing imminently on our latest speculative development in Coventry.

“At over half a million square feet, it will be one of the largest speculative units currently under development in a market where we’re seeing increasing pressure from tenants who are scaling quickly into new energy-efficient facilities. I’m excited to be joining Panattoni at such a pivotal time and to help drive the delivery of this flagship scheme.”

Panattoni is being advised on the scheme by Cushman & Wakefield and Newmark.