Panattoni Park Coventry
M6 J3, Coventry, West Midlands
SoldFor many years the landowners have relied on Holt Property to advise on their extensive landholding in north Coventry, recognising its exceptional strategic location on the edge of the city and at Junction 3 of the M6.
Working alongside Gallagher Estates, subsequently L&Q Estates (now Catesby), Holt Property helped to secure allocation for major employment and residential uses through the Coventry City and Nuneaton and Bedworth Local Plans and subsequent planning consents. The land at Wilsons Lane / A444 has now been brought forward as Panattoni Park Coventry, a consented logistics and employment led development on an approximately 55 acre site following a landmark sale of the commercial land to Panattoni UK.
Background
Long standing instruction from the landowners on their extensive landholding in north Coventry, including land at Wilsons Lane / A444, directly adjacent to Junction 3 of the M6 within the Midlands logistics Golden Triangle.
Initially an option agreement, later negotiated into a promotion agreement with Gallagher Estates to bring forward a substantial mixed employment and residential development, subsequently managed by L&Q Estates (now Catesby).
Site successfully promoted through the Coventry City and Nuneaton and Bedworth Borough Local Plans, securing removal from the Green Belt and allocation for strategic employment and housing development.
Outline planning permission achieved for a significant logistics led employment scheme on an approximately 55 acre site, with consent for up to around 600,000 sq ft of B2, B8 and E class employment floorspace in a highly accessible location.
An adjoining parcel obtained consent for 73 new homes, now being brought forward by Taylor Wimpey as a separate residential scheme.
Holt Property advised the landowners and promoter throughout the planning, promotion and marketing phases, assembling and coordinating the professional team to ensure the site was deliverable and attractive to the market.
Panattoni Park Coventry is now a fully consented, next generation logistics and employment park at M6 Junction 3, following a landmark sale of the commercial land to Panattoni UK.
Results
Major strategic land release unlocked, with former Green Belt land removed from restraint and allocated for employment and housing, maximising value across the landowners’ wider holding in north Coventry.
Consent secured for an approximately 55 acre employment site at Panattoni Park Coventry, with in excess of 600,000 sq ft of B2, B8 and E class employment floorspace designed to meet modern occupier requirements.
Reserved Matters approval obtained for one of the Midlands’ largest speculative logistics developments, targeting market leading sustainability and building performance standards including BREEAM Outstanding, EPC A+ and WiredScore Platinum.
Prime connectivity at Junction 3 of the M6 within the UK logistics Golden Triangle leveraged to generate exceptional interest from leading developers and occupiers.
Highly competitive marketing and sale process managed by Holt Property as selling agent, culminating in the landmark disposal of the logistics and employment land to Panattoni UK.
The development will deliver significant economic benefits for Coventry, Nuneaton and Bedworth, and the wider region, providing modern logistics accommodation and substantial employment opportunities, complemented by the Taylor Wimpey residential scheme on the adjoining parcel.
The landowners are delighted with the outcome, reflecting a long term, well managed and collaborative process that has unlocked the full potential of their strategic landholding.
We have an excellent reputation with our clients, understanding their needs and building strong relationships resulting in successful outcomes.