Area Focus: Coventry - Mid Warks - Holt Property Orchestrates Landmark Sale of 600,000 sq ft £135 Million Logistics Site at Key Coventry Location - M6 Junction 3

Holt Property, a leading strategic land and property development agency, proudly announces the successful sale of a substantial site poised to deliver over 70 homes and extensive new employment space in Coventry. This significant achievement was accomplished in collaboration with L&Q Estates.

Following a planning appeal last year, L&Q Estates, based in Warwick, secured outline planning permission for over 600,000 sq ft of commercial development on land off Wilsons Lane/A444 in Longford, Coventry, a prime location within the Midlands' Golden Triangle. Holt Property played a pivotal role in facilitating this landmark transaction, underscoring its expertise and commitment to delivering high-value projects.

The residential element of the site, designated for up to 73 homes, has been acquired by Taylor Wimpey. Construction is expected to commence in early 2025, featuring a diverse range of one-to-fourbedroom properties, with 25% allocated as affordable housing. The development will also include a play area, footpaths, cycle routes, and landscaping to enhance community living.

The highlight of this development, 600,000 sq ft of commercial space, has been sold to Panattoni, Europe’s leading logistics real estate developer. It will be a £135 million net zero carbon development. This sale underscores the strategic importance and high demand for the site within the logistics sector.

Justin Quibell, at Holt Property, expressed his delight with the transaction: “This successful sale is a testament to our team’s dedication and strategic foresight. The site’s prime location and significant scale present a remarkable opportunity for commercial and residential development, marking a milestone achievement for Holt Property and our partners.”

Adrian Clack, Managing Director at L&Q Estates, remarked on the high level of interest from developers: “This site near J3 of the M6 is a prime location for new employment space and much-needed homes because of its proximity to the motorway network. The site’s sought-after location for the logistics sector, with five motorways within 15 miles of J3 of the M6, generated enormous interest.”

“This development will provide valuable jobs and homes for local people and help businesses with their growth plans, boosting the regional economy,” Clack added.

Greg Titley, representing Panattoni, highlighted the project’s potential: “Securing this site aligns with our mission to develop prime logistics space across Europe. The excellent transport links and strategic location will serve our clients exceptionally well.”

Joe Blincoe, Land and Planning Director at Taylor Wimpey commented: “We are excited to begin work on this residential project. The diverse housing options and communityfocused amenities will make this a highly desirable place to live.”

For more information about our projects and future opportunities, visit our website https://holtproperty.com/