Construction work has started on a major business development in Nottinghamshire that includes three warehouses totalling 714,000 sq ft. Panattoni Park will be located just off junction 26 of the M1.
First Panattoni development director Simon Jenkins and John Proctor of FHP Property Consultants were joined by Nottingham county councillor and chairman of Broxtowe Borough Council’s jobs and economy committee Tony Harper, as well as the borough’s mayor Hallmah Khaled, at the groundbreaking.
“Panattoni Park Nottingham will bring a much-welcomed economy boost to Broxtowe Borough Council and this site is ideally situated on the main A610 trunk road with easy access to Nottingham and Derby and the M1,” said Councillor Tony Harper.
Director Jenkins also commented, saying: “We have been involved with this site for some time and are extremely pleased to have secured it as one of the First Panattoni developments to come forward. Broxtowe have always been very supportive of our plans for Panattoni Park Nottingham and the hundreds of job opportunities it will create for the local area.”
“This scheme is highly significant both within a local, regional and national context,” said Director John Proctor. This park ticks all the boxes of a highly accessible location with available labour at cost-effective rates for occupiers.
“It’s great to see new high-quality employment space being built in Nottinghamshire and Panattoni Park Nottingham further enhances our offer to businesses looking to expand and relocate into the area,” said Lorraine Baggs, head of investment at Invest in Nottingham. “Logistics is an important sector and with increasing exports and e-commerce driving demand for space, it’s fantastic to see First Panattoni building speculative space to meet that demand.”