Volvo Group is one of three businesses to sign lease agreements with warehouse developer Segro for space at its industrial park in Coventry, which will support the distribution of vehicle parts.
It will develop a 91,000sq ft build-to-suit warehouse for the manufacturer on a 4.7-acre plot at the entrance to Segro Park Coventry.
The facility is expected to be operational in early 2027 and will serve as a distribution centre that will support the storage and distribution of Volvo parts.
Supply chain solutions firm DIRKS Logistics has also taken 306,000sq ft of space in a pre-let warehouse facility on the park.
Part of the German based DIRKS Group, it will relocate from its current base at another business park in Coventry once the development completes in the first half of 2027.
The move forms part of the company’s plan to achieve growth as a third-party logistics partner for retail brands, including European online pet store Zooplus.
A 140,500sq ft unit has also been leased to B2B tech solutions provider GigaCloud Technology.
Dan Holford, head of national markets at Segro, said: “These lettings reflect the strong momentum we are seeing at Segro Park Coventry and this demand is not limited to this site: we are seeing similarly positive activity across our UK big box portfolio, underlining the continued need for high-quality, well-connected space in the right locations.”
Volvo Group UK said its move to Coventry was a significant investment in its parts distribution network: “The purpose-built, highly efficient facility will give us the capacity and flexibility to strengthen supply chain resilience, improve service levels for our dealer network and support a more sustainable, future-ready operation,” added GM Sabrina Loyer.
