Panattoni, the largest industrial real estate developer in Europe, will speculatively develop the final two units at its sustainable logistics development in Aylesford, Kent, after agreeing pre-lets for the rest of the space. The two units of 100,000 sq ft and 130,000 sq ft at Panattoni Park Aylesford, which are
Panattoni, the largest logistics real estate developer in Europe, is planning a £250 million speculative logistics development, which will include the UK’s largest-ever speculative logistics building, in Avonmouth, Bristol. The development, called Panattoni Park Avonmouth, will be located on a prime, 73-acre site, Central Park, which Panattoni has just acquired
Panattoni, the largest industrial real estate developer in Europe, is working up plans for a 202,200 sq ft speculative, last-mile logistics development in Crawley. The development, called Panattoni Park Crawley, is located in the established industrial area of Manor Royal Business District on a 10-acre brownfield site on Fleming Way,
Panattoni, the largest industrial developer in Europe, is set to start work on the second phase of its 1.6 million sq ft industrial park in Northampton. Panattoni Park Northampton is already the home to three former Panattoni buildings and will see further units delivered at 250,000 sq ft, 380,000 sq
BDC 319 : Aug 2024
Panattoni, the largest industrial real estate developer in Europe, will speculatively develop the final two units at its sustainable logistics development in Aylesford, Kent, after agreeing pre-lets for the rest of the space. The two units of 100,000 sq ft and 130,000 sq ft at Panattoni Park Aylesford, which are expected to be completed in the fourth quarter of 2023, will be built to a BREEAM rating of ‘Excellent’ and an EPC rating of ‘A’. They will benefit from 15m clear internal height, 2 level access doors, electric charging points for cars, access to the park’s car share scheme and 50m yard depths. The development of the speculative units follows the success of the recent pre-lets at the park to DHL, Fowler Welch and Evri. Panattoni is in detailed discussions with other occupiers for the remainder of the space at the park. Panattoni is developing a high-quality logistics space on the former Aylesford Newsprint site, close to junction 4 of the M20, to serve London and the south east. Panattoni Park Aylesford is a £180 million investment in high-quality, sustainable logistics development, infrastructure, parking, landscaping and access, including the new £7 million Bellingham Way link road. The sustainability strategy aims to minimise the operational use of carbon, which includes some scope three emissions from tenant activity and installed equipment and systems such as heating and lighting. Every building at the park will have air source heat pumps to control temperature in the offices and photovoltaic panels on the roofs. It is expected that these measures will generate up to 15% reductions in regulated energy use across the building. Panattoni is also working in partnership with Kent Wildlife Trust to achieve a 10% net gain in biodiversity at the site. Tony Watkins, Development Director at Panattoni, said: “Our decision to speculatively develop the final two units at Aylesford reflects the strong demand from occupiers looking to benefit from its excellent location. “In just nine months since we acquired the site, we have let nearly 80% of the space. We are on site delivering multiple buildings with the first ones ready for occupation in the third quarter of this year, we look forward to welcoming them to the Park and other occupiers to follow”. Agents at Panattoni Park Aylesford are CBRE, Avison Young and JLL.
Panattoni, the largest logistics real estate developer in Europe, is planning a £250 million speculative logistics development, which will include the UK’s largest-ever speculative logistics building, in Avonmouth, Bristol. The development, called Panattoni Park Avonmouth, will be located on a prime, 73-acre site, Central Park, which Panattoni has just acquired in an off-market deal. Panattoni will commence speculative development of 1.3 million sq ft of consented space in two units of 406,000 sq ft and 882,000 sq ft, which will be the UK’s largest-ever single speculative logistics building. Panattoni expects to start construction shortly, with the intention of completing the development in the third quarter of 2023. Panattoni Park Avonmouth is strategically positioned for local and national distribution via the M32, M48, M49, M4 and M5 motorways. Major occupiers in the area, include Amazon, The Range, Lidl, DHL, Tesco and Davies Turner. James Watson, Development Director at Panattoni, said: “Our new acquisition gives us the ability to deliver large-scale speculative units in an established logistics location. UK stock remains at an all-time low at a time when Bristol and the wider south-west and south-east markets are experiencing their strongest take-up for many years”. Agents for Panattoni Park Avonmouth are DTRE, JLL & Colliers.
Panattoni, the largest industrial real estate developer in Europe, is working up plans for a 202,200 sq ft speculative, last-mile logistics development in Crawley. The development, called Panattoni Park Crawley, is located in the established industrial area of Manor Royal Business District on a 10-acre brownfield site on Fleming Way, which Panattoni has just acquired from Aberdeen Standard Investments. Panattoni is aiming to submit an outline planning application in the fourth quarter of this year, with a view to beginning demolition and construction in the first half of 2022 and completing in the first quarter of 2023. Panattoni will aim to pre-let the space, which could either be one unit of 202,200 sq ft or two units. The development is part of Panattoni’s commitment to a significant speculative development programme in the UK in 2021 in response to strong demand from occupiers for immediately available space. In the south, Panattoni has acquired or progressed nearly 10 million sq ft of developments since the onset of Covid in March 2020. Panattoni Park Crawley is located in an established distribution location adjacent to London Gatwick Airport. It covers an area of 540 acres and is home to more than 600 businesses generating 30,000 jobs. Tony Watkins, Development Director at Panattoni, said: “This is a rare opportunity to acquire such a well-located site, as land in the south east for building a logistics facility of this scale is very scarce. This is a great site for accessing London”. Letting agents are JLL and Savills.
Panattoni, the largest industrial developer in Europe, is set to start work on the second phase of its 1.6 million sq ft industrial park in Northampton. Panattoni Park Northampton is already the home to three former Panattoni buildings and will see further units delivered at 250,000 sq ft, 380,000 sq ft and 430,000 sq ft, totalling over another 1 million sq ft at the park. The second phase of development at the Park comes after Panattoni successfully speculatively developed and let 625,000 sq ft of space to Eddie Stobart Logistics. Winvic Construction Ltd have begun construction on the three new spec units will be developed over two phases, the first being units 250,000 sq ft and 430,000 sq ft with steels emerging in the coming weeks. Finally, the 380,000 sq ft which will commence later in 2021. Each will benefit from the same prominent location based on junction 16 of the M1 motorway, which will see tens of thousands of cars pass the occupiers’ logos each day. All three units will be built to 15m clear internal height and benefit from 50m yards. Northampton sits in the so-called ‘logistics golden triangle’, considered to be the UK’s most strategically important location for distribution. Panattoni Park Northampton is only 20 miles from the M6 and A14. The completed buildings will be built to a BREEAM rating of ‘Excellent’ and have an ‘A+’ EPC rating. Local services have been improved on site as part of the development, with the Red Lion Truck Stop parking area being expanded to accommodate more vehicles, as well as an HGV filling station being added to the existing set of pumps. The section 278 road that leads to the truck stop and main development has also been improved to give better access to the motorway. Once fully occupied, the development could support over 1000 jobs. Oliver Bertram, Development Director at Panattoni, said: “We’re delighted to be continuing the development of 1 million sq ft in Northampton, after only recently completing the three units for Eddie Stobart. This shows that Panattoni has the confidence to deliver speculatively, knowing that the market needs more space. “This park gives businesses an ideal base to serve key markets across the UK, with direct access to the country’s major motorways. Market interest remains high in this area and we are committed to providing the right spaces for businesses to expand their operations. The new units at Panattoni Park Northampton will do just that.” Matthew Byrom, Managing Director at Panattoni, added: “This next phase of development in Northampton demonstrates the success of our high-level business strategy in the UK and the speed and scale at which we work. There are limited opportunities in the UK that will deliver a 1 million sq ft spec option and it’s an important build for industry as a whole and one that we anticipate will soon be let quickly.” Danny Nelson, Director of Winvic Construction Ltd said: “Panattoni Park in Northampton is a scheme that is dear to us. Not only is it close to our head office, we’ve also been on site since 2018, shaping the space with civils and infrastructure works and we then successfully constructed three units simultaneously for Phase 1. “We’re pleased that Panattoni has selected us to deliver more industrial warehouses and that they know Phase 2 is in a safe pair of hands. The challenge is now ours to surpass their expectations once again.” For more details on Panattoni Park Northampton please click this link.
