Panattoni, the largest logistics real estate developer in Europe, has fully let its 1.7 million sq ft logistics park in Northampton after signing lease agreements for the last two units with iForce and Hotel Chocolat. iForce, the UK’s fastest growing e-fulfilment, carriage management and returns recovery provider, has signed a 10-year lease for a 376,915 sq ft facility at at Panattoni Park Northampton and Hotel Chocolat, the premium British chocolatier and cacao grower, has signed a 10-year lease for a 429,107 sq ft facility.  These two lettings follow that to 4PX Express, the global logistics company, which signed a 15-year lease for a 250,000 sq ft facility in November last year, and the success of the first phase of 625,000 sq ft, which was pre-let to Eddie Stobart Logistics, owned by Culina Group.  All three buildings in the second phase were speculatively developed to a BREEAM rating of ‘Excellent’ and an EPC ‘A’ rating. Northampton sits in the ‘logistics golden triangle’, long regarded as the UK’s most strategically important location for distribution. Located at junction 16 of the M1, Panattoni Park Northampton is only 20 miles from the M6 and A14. Oliver Bertram, Development Director at Panattoni, said: “Letting over 1 million sq ft to three different companies in just five months reflects the importance of Northampton as a logistics location and the attraction of the park to occupiers. “We are experiencing high occupier demand for immediately available logistics space, which justifies our commitment to a major speculative development programme in the UK”. Paul Thirkell, managing director of iForce, said: “iForce is absolutely delighted to have secured a new facility at Panattoni Park Northampton, which will help to facilitate the significant growth the business is experiencing. The location is of strategic importance within our network and located next to three other Culina Group warehouses, creating significant synergies across the group companies”. Letting agents for Panattoni were Savills and Burbage Realty. iForce was advised by Roebuck and Hotel Chocolat was advised by Bidwells. Building, Design and Construction Magazine | The Home of Construction Industry News

Panattoni, the largest industrial real estate developer in Europe, has acquired a 22-acre site in an established industrial location in West Sussex for a last-mile logistics development.  The site, called Panattoni Park Burgess Hill, is located at Burgess Hill, fronting the A2300 dual carriageway and providing fast access to the A23/M23, Crawley, Brighton and the south coast markets. It is already home to DPD and Roche. Panattoni is intending to speculatively develop the rest of the site with facilities from 7,466 sq ft to 141,460 sq ft, although it is in discussions with a number of occupiers already showing interest in bespoke units. Panattoni expects to start construction in the fourth quarter of this year with the intention of delivering units to a BREEAM rating of ‘Excellent’ and an EPC rating of ‘A’ in the middle of 2023. It will take advantage of the site’s outline planning consent to build the units quickly, offering opportunities for both B2 and B8 occupiers. Panattoni’s vast experience of buy, build and let was recently demonstrated at the former Benthalls site in Farnborough, which it bought, built and let in just 11 months.  Tony Watkins, Development Director at Panattoni, said: “This well-located site provides us with the opportunity to meet the high occupier demand for logistics space in the Crawley, Brighton and south coast markets, where the supply of available space is very low. We will be offering a wide range of unit sizes to occupiers in an area where there is a critical lack of stock to serve such a big market of consumers”. Letting agents are DTRE, Lambert Smith Hampton and SHW. Panattoni was founded in the USA in 1986 and has grown to become the world’s largest privately-owned industrial developer. Panattoni has served over 2,500 customers worldwide and developed more than 525 million sq ft of logistics space. In the United Kingdom, Panattoni has positioned itself as the largest speculative developer, committing to speculatively develop over 3 million sq ft annually. Building, Design and Construction Magazine | The Home of Construction Industry News