Developer commits to £2bn West Midlands warehousing and industrial programme
SEGRO has been announced as a strategic partner of the West Midlands Combined Authority (WMCA), with a commitment to invest £2bn over the coming decade to deliver next generation, net zero warehouse facilities in the West Midlands.
As a strategic partner, SEGRO aims to deliver 1,250,000m2 of sustainable warehouse space across the West Midlands by the end of 2033, focused on tech-enabled logistics facilities as well as purpose-built space for research & development and light manufacturing.
The development programme is expected to create up to 14,000 jobs across a wide range of employment types and industry sectors and will contribute significantly to economic growth and ‘levelling up’ for the region – two core aims of the WMCA.
SEGRO’s comprehensive programme will also support the WMCA on its ambitious programme of devolution, policy innovation and delivery.
The investment will be focused on a mix of warehousing types across the region. This includes the development of SEGRO Park Coventry – a 450-acre site that has planning permission for the construction of 340,000m2 of industrial buildings and warehouses.
David Sleath, Chief Executive Officer, SEGRO said: “There is a long-term shortage of modern, sustainable industrial employment space in the West Midlands, which is vital to enable the efficient movement of goods across the country, and to support high-tech research & development and manufacturing.
“By working closely with the West Midlands Combined Authority we can identify and unlock brownfield sites for development and deliver critical infrastructure that serves the whole of the UK, creating a diverse mix of local employment and supporting the creation of a more resilient economy across the country.”