PLP has acquired the site, which is next to Junction 15 of the M40, opposite Tournament Fields Business Park, Warwick, for an undisclosed price.

Tom Bromwich, managing partner of Bromwich Hardy, explained that the site had been purchased by PLP in two transactions from Midlands Land Portfolio, the property development arm of Severn Trent, and a private landowner.

Mr Bromwich said: “PLP Warwick will deliver a prime industrial and distribution business park development of circa 440,000 sq ft in units of between 40,000 sq ft and 170,000 sq ft.  
“Construction is targeted to commence in the fourth quarter of  2026 with practical completion 12 months later.”

The site has direct access to the M40, A46 and the wider national motorway network, providing immediate connectivity to Warwick, Leamington Spa and Stratford-upon-Avon as well as Coventry, Birmingham and the wider West Midlands.

Neil Dickinson, chief investment officer at PLP, said: “PLP Warwick is a prime example of PLP’s investment thesis: prime, immediately deliverable and perfectly tailored product to an undersupplied market.

“The scheme will create many new employment opportunities and represents a substantial investment into the local economy and community.

“We look forward to delivering the completed scheme in the fourth quarter of 2027.”

Adam Tustain, senior development manager at Severn Trent, said: “We are delighted to have concluded the sale of this prime logistics site to PLP and now look forward to seeing them bring our planning permission to life. 

“We are proud to be able to use our surplus land to deliver high quality developments that will bring much needed employment land and job opportunities to the local area that we serve.”

PLP was advised by property agents Lambert Smith Hampton, Harris Lamb acted for Midlands Land Portfolio, and Bromwich Hardy acted for the private landowner.

James Williams, of Moore and Tibbits Solicitors in Warwick, provided legal advice to the private landowner.