Holt Property leads sale of 600,000 sq ft commercial development at M6 Junction 3
Warwickshire-based strategic land and property development agency Holt Property, has sold a substantial site poised to deliver more than 70 homes and extensive new employment space in Coventry. This 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 more than 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 helped facilitate this landmark transaction.
The residential element of the site, designated for up to 73 one to four bedroom homes, has been acquired by Taylor Wimpey. Construction is expected to commence in early 2025, with 25 per cent allocated as "affordable housing".
600,000 sq ft of commercial space, has been sold to Panattoni, Europe’s leading logistics real estate developer.
Justin Quibell, at Holt Property, said: “The site’s prime location and significant scale present a remarkable opportunity for commercial and residential development."
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, added: “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.”
