17 Sep 2025 | 08:15 | London | by May Agaran, Chris Borland
Wider Coventry site has consent for a 105,000 sq ft mixed-use trade and self-storage scheme
Nuveen has agreed to the forward sale of a self-storage scheme in Coventry after securing planning consent for a new development last year, Green Street News can reveal.
The investment manager purchased the land in 2023 and XLB – the specialist developer and asset manager – then secured planning consent the following year for a 105,000 sq ft mixed-use trade and self-storage development. The 2.8 acre site at the corner of Herald Avenue and Vanguard Avenue was a former car showroom.
Here Self Storage deal
To be called Triumph Trade Park, the self storage element was acquired by Here Self Storage, a newly-created self-storage platform, with partner Dan Neary leading the transaction.
Demolition of the existing buildings on the site have completed with XLB taking responsibility to build out the scheme. It will comprise six facilities ranging from 2,917 sq ft, with a combined footprint of 25,490 sq ft. The self-storage facility will span 80,000 sq ft in total.
Contractors A&H Construction have been appointed for the project with XLB overseeing the completion slated for the end of Q2 2026.
Robin Hutchison, fund manager at Nuveen Real Estate, said “Disposal of the self-storage unit is a key milestone in enabling delivery of this best-in-class mixed use scheme. Practical completion of Triumph Trade Park will be the culmination of a highly involved business plan that has been flawlessly executed by XLB.”
The development will aim for EPC A+ and BREEAM Excellent ratings. Colliers and Bromwich Hardy are the joint letting agents for Triumph Trade Park.
Here Self Storage operates three sites in Loughborough, Salisbury and Northampton and is a platform majority owned by Pacific Investments.
In June, it was reported that Harrison Street has partnered with the London-based Pacific Investments to build a £150m UK-focused, self-storage portfolio over the next three to five years, targeting undersupplied locations across the country. The partnership aims to expand the portfolio into other European markets over time.
Here Self Storage is led by Mark van Adrichem, Dan Neary and Anthony Adams. Pacific acquired a majority stake in 2023 with the goal of growing Engage into a leading self-storage management platform in the UK and Europe.
Pacific Investments was established in 1993 by Sir John Beckwith and Mark Johnson. It has developed over 75m sq ft of real estate globally across all asset classes.
Levy Real Estate represented Nuveen and XLB.