Goodman and Advantage West Midlands (AWM) have won planning consent to develop over 875,000 sq ft in a mixed use scheme at the former Jaguar site at Browns Lane in Coventry.
In a strategic partnership with the regional development agency Goodman plans to develop 800,000 sq ft of distribution space, 75,000 sq ft of office space and 172 homes on the 30 acre site.
Goodman has renamed the site Lyons Park after Sir William Lyons who started the Swallow Sidecar Company, which became Jaguar after the Second World War.
The park will be divided into three areas of development with Lyons Park West being owned by Goodman and providing units up to 100,000 sq ft, and Lyons Park East being owned by AWM with a focus on smaller units.
The third area will be the implementation of the residential development access separately off Browns Lane.
Infrastructure works are now underway and are expected to complete in April 2010.
Graham Pardoe, development director for UK Logistics at Goodman, said: “Lyons Park will provide the opportunity for organic growth of this heritage, offering the opportunity for small to medium businesses as well as national companies to locate to a first class development.”
Steve Holland, head of asset management at AWM, said: “The planning permission for the development of Lyons Park marks another important milestone in the regeneration and redevelopment of Coventry.
“Alongside other major projects such as Ansty Park, Lyons Park will play an important part in strengthening the City’s contribution to the West Midland’s economy by attracting manufacturing companies to the region and creating more jobs for local people.”