Central City Coventry

In April 2022, Hines acquired Central City Coventry, a 400,000-square-foot urban logistics park located in the U.K.’s ‘Golden Triangle,’ a premier location for logistics and distribution operations, on behalf of its Global Income Trust. The multi-let urban logistics estate is located in Coventry, West Midlands, with access to 90% of the UK’s population within four hours’ drive time, and sits in close proximity to the M6, M1, and M40 motorway networks. A popular gateway and regional last-mile distribution destination, the West Midlands saw take-up of last-mile space reach a record 6.4 million square feet in 2021, 42% above its 10-year average of 4.5 million square feet, demonstrating its popularity with occupiers.