SEGRO secures trio of lettings in Coventry
Third party logistics firm Dirks has pre-let a 306,000 sq ft warehouse at SEGRO Park Coventry, one of three deals with occupiers totalling around 540,000 sq ft.
Logistics and industrial specialist SEGRO has also signed pre-let agreements with Volvo Group UK and GigaCloud Technology, taking the amount of space leased at the 73-acre development to almost 1.7m sq ft.
Dirks will relocate from its existing 200,000 sq ft base at Carbon 207, around a mile to the north, when the building completes in the first half of 2027 – while Volvo has agreed to take a 91,000 sq ft build-to-suit distribution centre on a 4.7-acre plot at the entrance to the park.
Due to become operational in early 2027, the facility will be used to store and distribute vehicle parts across the company’s UK and Ireland network.
Supply chain logistics and technology firm GigaCloud, currently based in Rugby, has leased a 140,500 sq ft speculative unit known as SPC140.
Dan Holford, Head of National Markets at SEGRO, said the deals reflected strong momentum at SEGRO Park Coventry.
“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,” he said.
“They also demonstrate the important role SEGRO plays in attracting and enabling international investment into the UK and the West Midlands. By providing the right infrastructure in the right locations, developments such as SEGRO Park Coventry create the conditions for globally mobile businesses to invest and grow here, supporting jobs, strengthening supply chains and driving economic growth.”
The three deals will generate a combined £6m in annual rent and formed part of the £53m of headline rent secured by SEGRO during the first half of 2026.
Once complete, SEGRO Park Coventry will provide 3.7m sq ft of industrial and distribution space, with existing occupiers including DP World and DHL.
