Construction has started at Coventry’s Imperial Park, after Warwick District Council gave detailed planning permission for three units 350,000, 165,000 and 60,000 sq ft earlier this month.
The development is a partnership between M&G Real Estate, Rigby Group and Evander Properties. M&G Real Estate acquired the 29-acre site earlier this year, has committed over £50 million to the development.
Paul Crosbie, head of logistics and industrial at M&G Real Estate, said: “Our commitment to speculatively develop these prime units underlines our belief in this West Midlands location as a core UK logistics hub where there is a diminishing supply of Grade ‘A’ accommodation and robust demand from a variety of industrial occupiers.”
Andrew Cox of Rigby Real Estate said: “Imperial Park is a major scheme which will transform an unused area of land, giving it a renewed economic relevance as a modern business hub bringing jobs and investment to Coventry and Warwickshire, and the wider regional economy.”