New plans have been lodged to develop a vast industrial park.
Royal London Asset Management Property and developer Graftongate are working together on the scheme which could see 52 acres of land west of Coventry turned into a logistics and warehousing complex.
A reserved matters planning application has been submitted for the speculative development, called Pickford Gate, which would contain 645,000 sq ft of employment space off the A45 bypass.
The scheme proposes the construction of 14 units ranging in size from 8,266 sq ft to 121,223 sq ft for industrial, logistics, manufacturing and R&D uses.
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The estate will also have a new road junction off Pickford Green Lane, connecting to the A45 dual carriageway.
Subject to consent, work will start on the first phase in the autumn and is expected to take around a year to complete.
There is a wider masterplan for the local area which includes 2,400 new homes, a primary school, community facilities and green spaces.
The Pickford Gate site was acquired in November from Hallam Land, marking the fourth acquisition completed by Royal London Asset Management Property and Graftongate in under two years.
Robert Kiernan, from the asset management team at Royal London, said: "This is another important milestone in our strategy to continue to grow our assets under management.
"Multi-let developments of this scale are incredibly rare, particularly in the golden triangle."
Graftongate director Jamie Hockaday added: "We're excited to deliver this much-needed mid-box scheme, offering high-quality, flexible space for a wide range of occupiers.
"The site's strategic location makes it ideally suited for industries like logistics, manufacturing, automotive and life sciences and, with Coventry and Warwick universities nearby, it's also well positioned to attract talent and innovation.
"It is a development that fills a key gap in the regional market and we're confident it will generate strong interest."
