Panattoni plans £135 million net zero carbon speculative logistics development in Coventry

Panattoni, the largest logistics real estate developer in the UK and Europe, is planning a £135 million speculative logistics development in Coventry.

The net zero carbon development, called Panattoni Park Coventry, will be located on a 47-acre site by junction 3 of the M6, which Panattoni has just acquired from L&Q Estates.

The site has outline planning consent for 600,000 sq ft of logistics space. Panattoni will develop the largest unit of 540,000 sq ft and has the opportunity to develop two further units of 40,000 sq ft and 20,000 sq ft.

Panattoni Park Coventry is located in the logistics “Golden Triangle”, adjacent to junction 3 of the M6 and with excellent communication links to the M1 and M69 motorways. There is an additional eight-acre parcel of land as part of the outline planning consent, which has been acquired by Taylor Wimpey.

The site acquisition is part of Panattoni’s strategy, which focuses on speculative development in areas where there is a critical shortage of space and significant rental growth potential.

Gregg Titley, Head of Development East and West Midlands at Panattoni, said: “This is a rare opportunity for us to acquire a prime development site in the Golden Triangle. There is a lack of supply of large logistics units of 500,000 sq ft plus in the region, while demand remains strong”.

L&Q Estates and the Landowners was advised by Holt Property.

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Imogen works within the marketing team at Panattoni as a marketing executive. Imogen helps create corporate materials for Panattoni in the UK and collaborates with the rest of the marketing team to implement new strategies and campaigns. Imogen has a degree in Business Management and has over two years of experience in digital marketing; including graphic design and video production.

Jack Franklin

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Jack is a Director in the UK Capital Markets team, focusing on the capitalisation and transaction management of projects throughout the UK and helping originate and structure capital solutions. Jack joined Panattoni following 12 years’ industry experience – initially in investment agency before transitioning to a transactions role focused on pan-European debt and equity funding solutions. Jack is a qualified member of the Royal Institute of Chartered Surveyors.

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Daniel Burn

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Dan leads Panattoni’s Northern office, based in Central Manchester. Dan is responsible for accelerating the company’s land purchase, build-to-suit and spec build programme across both the North West and Yorkshire Region. With 20 years transactional experience, Dan is well recognised within the market, having been involved in many of the UK’s pre-eminent industrial & logistics schemes. Since working in the sector, Dan has gained a reputation for his approachable, pragmatic and customer focused approach to business.

James Watson

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Nick is an Executive Director, Capital Markets Europe and is Head of the UK Capital Markets team, with responsibilities for the capitalisation of projects across the UK and Europe. With his role in capital formation for the Group, Nick is an integral part of the Global Capital Markets network and works closely with Panattoni’s international operating platform helping originate and structure capital solutions, and manage global and Pan-European investor relationships.

Oliver Choppin

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Oliver is the Finance Director for Panattoni in the UK, overseeing the company’s financial strategies and is responsible for all financial aspects of the UK business including structuring, debt finance, deploying capital allocations, he also works closely with Panattoni’s European finance platform. Oliver has a wealth of experience in real estate finance having spent over 20 years in various treasury and accounting roles and been involved in over £7 billion of financing deals in both public and private debt markets. He is a fellow of the Association of Chartered Certified Accountants (FCCA).

Oliver Bertram

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Oliver is Head of National Development for Panattoni in the UK and is responsible for the national transactional platform in the UK. Oliver is recognised within the sector as a market specialist and is known for his personable approach to business and has earned a reputation for his commitment to customer service. Oliver has completed a number of significant industrial and logistics development projects across the UK.

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Matthew Byrom

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Matthew is Managing Director of Panattoni, representing the UK on both the European and Global Investment Committees that guide the strategies and day to day operations of the business. He also leads in the identification of new business opportunities and company investment. Since forming First Industrial in 2009, which merged with Panattoni in 2017, Matthew has continued to build on his reputation for the delivery of major development projects in the UK while continuing to grow the business.

Sara Lewis

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Sara works within Panattoni’s Business Support team. With over 10 years’ experience at Panattoni, Sara supports the Executive Team with the day-to-day operations of the business. Sara has developed her skill set to assist across the wider Panattoni business throughout the UK.

panattoni_wind_turbine

Delivery of Energy Park in Kettering, UK

The extension to the existing Burton Wold Wind Farm involved the installation of nine GE 1.6MW turbines, the most efficient available when commissioned, to create a new 14.4MW wind farm at the site.

The wind farm saves an average of 12,831 tonnes of CO2 each year. In its remaining 15 years of life it is expected to save another 201,000 tonnes of CO2.

As part of this project, leading members of the team also designed a prototype for local energy generation that linked renewable energy technologies, local businesses and the local community in a virtuous circle of production and consumption.

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The Marks & Spencer distribution centre also has a solar wall that allows the building to passively regulate its own internal temperature, and the enabling work included 92,000 tonnes of concrete broken out and recycled on site.

These measures earned the building a carbon neutral certificate and BREEAM ‘Excellent’ accreditation.