Logistics giant DP World is to lease a new 220,000sq ft industrial and distribution warehouse building at Segro Park Coventry.
The lease sees a major expansion of DP World’s operations at Segro Park Coventry where the company already occupies 600,000sq ft of workspace – its largest warehouse in the UK which opened in 2024.
With an EPC A and BREEAM Excellent rating, the speculatively-built facility incorporates leading edge sustainability credentials, including photovoltaic panels, electric car charging points, LED lighting and solar thermal water heating.
Segro is now providing a fit-out of the building to meet DP World’s specifications, ahead of the business taking full occupation in spring 2026.
Dan Holford, Segro head of national market, commented: “We have worked closely with DP World to provide a facility which accommodates and supports its ambitious expansion plans here in the UK.
“It is always pleasing when an existing customer chooses to grow its business with us and this commitment reflects both the quality of the location and workspace at Segro Park Coventry.”
Tom Parker, DP World real estate director, said: “Leasing this 220,000sq ft industrial building in Coventry marks another important step in strengthening DP World’s UK logistics network.
“Expanding our footprint at Segro Park Coventry allows us to operate from a high-quality Grade A, multi-user facility that supports our growth ambitions and enhances service for our customers.
“We are pleased to continue our long-standing relationship with Segro, whose portfolio and commitment to high-specification industrial space aligns closely with our operational requirements.”
The lease agreement means that one speculatively-built 140,000sq ft unit remains available for immediate occupation, along with up to 2.4 million sq ft of pre-let, build-to-suit opportunities.
Once fully occupied, Segro Park Coventry is expected to employ around 5,000 people.
In the autumn, the development celebrated a success with 56% of the existing occupiers’ employees commuting sustainably via walking, cycling, public transport, or car sharing. This is almost triple the original target of 20% set for the first year of operation.
