DP World invests £34m in its largest ever UK warehouse to meet evolving customer demand for logistics
| Freight Logistics | DP World invests GBP34m in its largest ever UK warehouse to meet evolving customer demand for logistics
15:00 Thu 20th Jun 2024 | Posted By UKHAULIER
DP World has taken another major step in its ambition to be the UK’s leading logistics provider by opening its largest ever warehouse. The 598,000 sq ft facility in Coventry is part of a GBP50m investment that will help customers to stay competitive. The new warehouse – which was internally fitted out for GBP34m and completed last month following a two-year construction period alongside developer SEGRO PLC – includes a new fully Automated Case Retrieval (ACR) system which will significantly increase efficiency.
It was built meeting the highest sustainability standards to a BREEAM ‘Excellent’ rating and forms a key part of DP World’s investment in UK logistics over the last two years, alongside facilities in Bicester and Burton upon Trent. Denis Doyle, Senior Vice President of Operations at DP World, said: “The completion of the Coventry warehouse reinforces once again our commitment to meeting complex requirements and delivering best in class assets for our customers. Our GBP50m investment into the three sites at Coventry, Bicester and Burton upon Trent is part of a wider strategy to extend our reach into the UK supply chain.”
“We have been building a unique array of assets and suite of capabilities, helping our UK and European customers stay competitive in a fast changing and unpredictable trading environment, while serving the national interest. Together with the imminent opening of the GBP350m new fourth berth at London Gateway, this new platform for growth in the warehousing sector will drive forward our ambition to be the UK’s leading provider of end-to-end logistics.” In September last year, DP World opened its 270,000 sq ft facility in Bicester, the nation’s largest music and video distribution warehouse which handles approximately 70% of physical music and 35% of home entertainment products sold in the UK annually.
It builds on the 75,000 sq ft Burton upon Trent site opened in 2022 and a 230,000 sq ft multi-user warehouse which forms part of London Gateway’s logistics hub.
In addition to its hubs at Southampton and London Gateway, DP World’s offer includes logistics, forwarding and European transport capabilities, all of which are being integrated into the company’s global network.
Operating in 78 countries, DP World handles 10 per cent of world trade.