Panattoni starts work on speculative HQ warehouse in Basildon
Panattoni starts work on speculative HQ warehouse in Basildon
The site of the former Kongsberg Automotive Plant in Basildon is being redeveloped by Panattoni to provide a headquarters warehousing, manufacturing or distribution unit.
Known as Basildon 115, Panattoni’s 115,000 sq ft development will occupy a prominent position in an established industrial and distribution location in the heart of the Thames Gateway. It will include offices and parking for 92 cars.
The area has already attracted many household names including Tesco, Argos, Amazon, Costa Coffee and UK Mail.
Basildon 115, in Christopher Martin Road, overlooks the A127 near its junction with the A132, approximately nine miles from junction 29 of the M25. Central London is about 30 miles to the west, and is easily reached via the A127, A12 and A13. This dual carriageway also connects Basildon 115 to Tilbury Docks and London Gateway.
With the A130 also nearby, providing access to north Essex, Panattoni believes Basildon 115 is an ideal location for UK businesses looking to connect with European supply chains via the east coast ports of Felixstowe and Harwich.
Furthermore, the proposed Lower Thames Crossing will benefit occupiers in Basildon. The crossing will boost local, regional and national economies, and form an essential part of the UK’s transport infrastructure, improving connections across the country.
Agents for the development are GVA, Knight Frank and JLL.
GVA director John Allan said: “Larger, new warehousing is much-needed in the area. Basildon 115 will give a chance to local and regional occupiers to scale up, grow and expand without having to leave the area.
“An opportunity at this kind of scale hasn’t been seen in Basildon for a very long time.”
Matthew Byrom, the Chief Executive of Panattoni UK, said: “Basildon is the largest and fastest-growing economy in Essex and the second largest in the Thames Gateway area.
“It is an established centre of excellence for engineering and manufacturing and boasts some of the most advanced technical facilities in the UK.
“I am confident Basildon 115, due to its high spec finishes and efficiency performance will attract occupiers looking for a headquarters operation in close proximity to London and within easy reach of mainland Europe.”
Unusually for a logistics building it is available freehold as well as leasehold and will be ready for occupation in the fourth quarter of 2019.
Agents for the development are GVA, Knight Frank and JLL.
Panattoni, which operates in the UK, Europe and the US, has earned a reputation for delivering efficient buildings characterised by innovation, flexibility, speed, and convenience.
