Buckingham, which entered administration in August, had secured a £140m contract in 2020 to construct the initial quartet of buildings—units 3A, 4A, 4B, and 4C—at Segro Park Coventry.
In early 2020, Segro acquired a 450-acre parcel near Coventry Airport, aiming to establish a manufacturing and warehouse hub spanning up to 344,000 square meters of logistics space
The completion of units 4B and 4C, providing 19,000 and 12,000 square meters of warehouse space, has already been accomplished. Segrolooks towardsfinishing the construction of the remaining two buildings by the first half of 2024.
A spokesperson for Segro commented: “Winvic is a longstanding supplier for Segro, and has delivered numerous warehouses and wider infrastructure at developments including Segro Logistics Park East Midlands Gateway and Segro Logistics Park Northampton.
“By moving swiftly to appoint Winvic, not only were we able to continue the construction programme with minimal disruption but we were able to retain many of the people who were working on the Segro Park Coventry project, either as direct subcontractors or through the new Winvic contract.”
The two unfinished units have been pre-leased to logistics companies: unit 3A to DP World and unit 4A to DHL.
Apart from constructing the buildings, Buckingham had contracted to create a 35,000 square meter adoptable access road, handle 6 million cubic meters of earthworks, install a foul-water drainage system, and develop a 235-acre park.
The site encompassed five landfills, a wastewater treatment facility, and a Second World War airbase.