Nuveen has agreed the forward sale of a major self-storage scheme in Coventry, following planning consent secured last year by specialist developer and asset manager XLB.

The 2.8-acre site at Herald Avenue and Vanguard Avenue, formerly a car showroom, will be redeveloped into Triumph Trade Park, a 105,000 sq ft mixed-use trade and self-storage scheme. Demolition works have already been completed, with A&H Construction appointed to deliver the project under XLB’s oversight. Practical completion is scheduled for Q2 2026.

The self-storage element, comprising 80,000 sq ft, has been acquired by Here Self Storage, a growing platform majority-owned by Pacific Investments. The wider scheme will include six additional facilities ranging from 2,917 sq ft, with a combined footprint of 25,490 sq ft.

Robin Hutchison, Fund Manager at Nuveen Real Estate, called the sale a “key milestone” in delivering the development: “Practical completion of Triumph Trade Park will be the culmination of a highly involved business plan that has been flawlessly executed by XLB.”

The scheme is targeting EPC A+ and BREEAM Excellent ratings, reflecting its sustainability focus. Colliers and Bromwich Hardy have been appointed as joint letting agents.

Here Self Storage, led by Mark van Adrichem, Dan Neary and Anthony Adams, currently operates sites in Loughborough, Salisbury and Northampton. Backed by Pacific Investments, the company is pursuing ambitious expansion in the UK and Europe.

Photo: Triumph Trade Park.