Holbrook Lane, Coventry

The built environment is responsible for about 37% of all carbon emissions globally. So improving energy efficiency is of the most important factors in achieving Net Zero carbon emissions.

Meanwhile the rise in e-commerce – accelerated by the pandemic – has driven greater investment in urban and last-mile logistics; and factors such as use diversification and re-shoring are helping to sustain demand.

So low-carbon logistics facilities are becoming increasingly attractive to organisations as a way to meet consumer demand, cut operating costs, accelerate their own Net Zero journey by reducing emissions, and future-proof their real estate portfolio against incoming regulation.

Alongside our partner Chancerygate, we are constructing 254,000 sq. ft. of industrial space
in two phases: 17 units (totalling 110,00 sq.ft.) in the first phase, and 14 units (totalling 144,00 sq.ft.) in the second.

There has been very strong occupier interest in the site, with a number of lettings having now exchanged on agreement for leases – reflecting the strong demand locally for high-quality, highly sustainable industrial units.

The current dated buildings on the site are being demolished – and remediation work completed according to best-practice environmental guidelines – to make way for small, energy-efficient industrial units that will appeal to SME occupiers.

These units will utilise enewable energy technologies such as photovoltaic (PV) panels and are targeting BREEAM “Very Good” and EPC ratings of B as a minimum. This is expected to reduce utility costs for tenants and minimise the development impact on the environment.

It is estimated that when both phases are fully occupied, the new development will support approximately 300 jobs for the local area.