Panattoni, the largest industrial real estate developer in Europe, has begun speculatively developing a 142,000 sq ft logistics facility at Panattoni Park Borehamwood.

The new logistics facility will complete the development of Panattoni Park Borehamwood on a 17-acre site, which is located inside the M25, less than a mile from the A1 and two miles from junction 23 of the M25. This makes it a prime opportunity for occupiers looking at serving the London and south east markets. It is expected to be completed in the third quarter of this year.

“Panattoni Park Borehamwood is a fantastic location for an urban logistics occupier serving London and an excellent base for a national logistics operation requiring access to the south east,” said Anthony Watkins, Development Director at Panattoni.

The development will benefit from an extensive 48m yard, 13 dock doors, 6 level access doors, 94 car parking spaces and impressive 15m clear internal height. The unit will be built to a targeted BREEAM rating of ‘Very Good’ and an EPC rating of ‘A’ with many sustainable features such as EV van and car charging points, 15% roof lights, LED lights and rain water harvesting systems.

The first phase of development at the park comprised a pre-let, 36,000 sq ft facility for UK Power Network and a 159,000 sq ft facility, which is available for occupation.

Buckingham Group Contracting has been appointed as main contractor, while the letting agents are JLL and Cushman & Wakefield.