By Liza Helps, Property Editor, Logistics Matters

THE COMPANY which has taken a 140,500 ft2 speculatively developed warehouse on the scheme, runs the GigaCloud Marketplace, a platform where businesses can buy and sell large bulky items such as furniture mainly manufactured in Asia across countries. GigaCloud combines product listings, payments, storage, shipping, and final delivery to the retailer’s customer in one system. This ‘supplier-fulfilled retailing’ as it is called by GigaCloud, basically sees manufacturers ship products straight to customers, while GigaCloud handles all the logistics. 

The deal is just one of three announced by SEGRO today totalling some 540,000 ft2. These include a 91,000 ft2 pre-let build-to-suit warehouse to Volvo Group UK on a prime 4.7-acre plot at the entrance to the park and a 306,000 ft2 pre-let to DIRKS Consumer Logistics, as well as a lease on the speculatively developed warehouse to GigaCloud Technology.

SEGRO Park Coventry is a state of the art industrial and logistics development on a 73-acre site which will offer 3.7 million ft2 of industrial and distribution space once fully developed. Including these lettings, almost 1.7 million ft2 of space is now leased and other customers include DP World and DHL.

The warehouse for Volvo Group UK, is expected to be operational in early 2027 and will serve as a new distribution centre that will support the storage and distribution of vehicle parts, enhancing the service to all Volvo group networks across the UK and Ireland. 

DIRKS Consumer Logistics will be relocating from its current base at another business park in Coventry once its warehouse development at SEGRO Park Coventry completes in the first half of 2027. The move forms part of the company’s ongoing plan to achieve strategic growth as a third-party logistics partner for a range of leading retail brands, including European online pet store, Zooplus. 

The leases will add an aggregate £6 million of new rent, which was included in the £53 million of new headline rent the Company announced it had secured during a strong first half of 2026 within its Trading Update on 8 July 2026.

All units are being developed to a market-leading specification, targeting BREEAM ‘Excellent’ certification and an EPC A energy rating, providing a highly efficient and sustainable operating environment to support future business growth, as well as new employment opportunities for the local community. Once fully occupied, SEGRO Park Coventry is expected to employ up to 5,000 people.

Joint letting agents are DTRE, Savills and Apex.