RLAM buys Coventry development site from Henry Boot

Royal London Asset Management Property has bought a 52-acre development site from Henry Boot’s land promotion and planning business, Hallam Land. The site at Pickford Gate in Coventry has outline planning consent for about 645,000 sq ft of industrial and logistics space as well as research and development facilities. The wider development includes proposals for 2,400 homes, a primary school, district and local centres, community facilities and playing fields. James Orr, head of industrial and logistics at Royal London Asset Management Property, said: “This acquisition aligns with our strategy to repurpose capital and enhance portfolio value. Together with our development manager, Graftongate, we are committed to creating best-in-class facilities for industrial and logistics occupiers, prioritising high-quality environments with advanced ESG standards.” This is Hallam Land’s third sale at Pickford Gate, following disposals to housebuilders Countryside Partnerships (247 plots) and David Wilson Homes (491 plots). Hallam Land has a further 1,662 plots for future sale. Shoosmiths, Newton LDP and Hollis Hockley advised Hallam Land. Pinsent Masons and BNP Paribas Real Estate advised Royal London Asset Management Property. Photo © Breheny Civil Engineering