A leading commercial property company has unveiled plans for a £4.5 million logistics scheme to help create new industrial space for businesses in Coventry.
The Wigley Group has lodged plans with Coventry City Council to create nine new units on Stonebridge Trading Estate, ranging between 1,500 sq ft to 5,000 sq ft in size.
The site currently holds a single 34,000 sq ft unit which would be demolished.
New plans to create multiple industrial units in a key location in Coventry is deemed a prime opportunity which would support wider regeneration plans in the Whitley area.
The scheme is located across the A45 from Jaguar Land Rover’s Whitley headquarters, and is in close proximity to the proposed Gigafactory to produce electric car batteries.
James Davies, Chief Executive Officer of The Wigley Group, which is based in Stockton in Warwickshire, said: “We are really excited to bring these plans forward. This is a fantastic location for industries to be based given its location next to the A45 with connectivity to the national transport network including the M45, M1, M40 and M6.
“There are ambitious plans in this area to create a Gigafactory on the site of the current Coventry Airport too, and we see this as a scheme which works in tandem with that to encourage and support the growth of industries and the economy in this region, creating a real hotbed for business.”
Mike Vining, Land and Development Director, added: “The current site, as it is, is not functional and does not make the most of the space as it should.
“This is a real opportunity to create a more practical space to meet the demand for smaller industrial space, with the potential for nine new businesses to establish themselves in this area, bringing with them new jobs, skills and business.”
Plans have been drawn up with the support of architect Wendy Griffin from Nicol Thomas, and – if approved – work could start in Spring 2023, ready for completion in early 2024.
The site, on the Stonebridge Trading Estate, on Rowley Drive, has been owned by The Wigley Group since February 2015.
The company is a specialist in the industrial sector with a significant portfolio of property and landholdings.
Established in 1964, it is an ISO 45001 and 9001 certificated company active in real estate acquisition, development and construction, as well as having an asset management of portfolios for both itself and commercial partners.