Author: connor

Panattoni, the largest logistics real estate developer in the UK and Europe, has signed a pre-lease agreement with DPD, the parcel delivery company, for a 58,000 sq ft facility at its net zero carbon Panattoni Park Sittingbourne development in Kent.

Subject to planning approval, Panattoni expects to start construction of the facility, which comprises the second phase of the park, in the fourth quarter of this year and complete it in the third quarter of 2025. Panattoni is targeting a BREEAM sustainability rating of ‘Excellent’ and an EPC rating of ‘A’.

Panattoni is already under construction with the 645,000 sq ft first phase of development at the park, comprising two units of 440,000 sq ft (S440) and 205,000 sq ft (S205). Completion of these two units is expected in March 2025. While there is already significant interest in these units, both remain available for tenants.

All units are being developed with enhanced sustainability measures within the base specification, including the installation of roof-mounted solar panels and electric vehicle charging points. The park has 5MVa of power available with a further 1.35MVa of power generated from the solar panels.

Panattoni is investing £170 million in the development of the park, which is strategically positioned between London and Dover, four miles north of junction 5 of the M2.

Alex Mitchell, Development Manager, South East and London, at Panattoni, said: “This pre-let to DPD demonstrates the strong demand for high-quality, sustainable industrial space in the south east. We are excited to begin construction later this year and deliver a state-of-the-art facility that meets DPD’s operational needs while also aligning with our sustainability goals”.

Agents at Panattoni Park Sittingbourne are Savills, Avison Young and CBRE. DPD was advised by SBH.

Panattoni, the largest logistics developer in the UK and Europe, has successfully closed a £625 million development loan facility, which will support Panattoni’s strategic growth in the UK to invest in speculative development.

Matthew Byrom, Managing Director at Panattoni remarks ”…this new £625m facility allows us to continue our ambitious growth plans for the UK and helps us support our partners in building best-in-class assets. We are keen to grow our pipeline of buy & build development and are seeing an unprecedented number of compelling opportunities in which we’d like to invest”.

Oliver Choppin, Finance Director at Panattoni commented “…our decision to pursue a flexible revolving credit facility provides us the ability to access capital quickly and allows us the agility to close on new investments without complication.  We are appreciative of the support provided by the lending groups involved, particularly at this challenging time.” 

The facility will further support Panattoni’s UK strategic capacity to put into production a new wave of speculative warehousing, where it is currently targeting areas of under supply.  In 2024 Panattoni acquired several new sites, adding a further 2 million square feet of industrial space, which is in addition to its current spec-build program, where it is committed to the build out of 3 million sq. ft.

The new facility was arranged by JP Morgan with a syndicate of lenders, and is extendable for up to five years.

For more information on Panattoni’s current and future projects, please visit www.panattoni.co.uk

Panattoni, the largest logistics real estate developer in the UK and Europe, has completed the speculative development of an 80,000 sq ft last-mile logistics development in the sought-after Heathrow area.

Panattoni Poyle 80 is a net zero carbon development that was built to a BREEAM sustainability rating of ‘Excellent’ and an EPC rating of ‘A’. The occupier will benefit from a 50m service yard, five dock doors, two level access doors, 12.5m clear internal height, and 37 car parking spaces with 20% EV charging provision.

Panattoni Poyle 80 is located on Horton Road at one of Greater London’s most established logistics locations near junction 14 of the M25, providing immediate access to the UK’s largest cargo terminal at Heathrow Airport. It is one of the sites in the south east that Panattoni acquired in 2023 for a combined £350 million, all of which provide value-add development opportunities in core markets where Panattoni can drive rental growth.

Alex Mitchell, Development Manager, South East and London, at Panattoni, said: “Poyle 80 represents a rare ultra-urban last-mile opportunity that is perfectly positioned to serve as a central distribution hub for businesses with global ambition. The facility’s proximity to Heathrow and the M25 ensures seamless access to both local and international markets, making it an ideal solution for companies focused on e-commerce and e-fulfilment operations”.

Letting agents at Panattoni Poyle 80 are DTRE and ACRE Capital Real Estate.

For more information please visit www.panattoni.co.uk/poyle

Panattoni, the largest logistics real estate developer in the UK and Europe, has completed the speculative development of two last-mile logistics parks on the south coast.  

The developments at Burgess Hill and Brighton, along with a third development south of London at Crawley, where construction began last month, reflects Panattoni’s confidence in the strength of the logistics market on the M23 corridor, where the demand-supply imbalance is acute.

Panattoni Park Burgess Hill provides 14 units, ranging in size from 8,142 sq ft to 147,408 sq ft, totalling 457,733 sq ft. The park is located on a 22-acre site, which fronts the A2300 dual carriageway and provides fast access to the A23/M23, Gatwick Airport, Brighton and the wider south coast markets, and is adjacent to facilities occupied by DPD and Roche.

Panattoni Park Brighton, adjacent to Brighton City Airport and the A27 dual carriageway, comprises seven units ranging from 19,693 sq ft to 55,397 sq ft, totalling 267,074 sq ft.

Both parks have been developed with a strong focus on sustainability, achieving a BREEAM rating of ‘Excellent’ and an EPC rating of ‘A’. They incorporate advanced energy-efficient features that deliver significant cost savings. The buildings are equipped with LED lighting systems, which drastically reduce energy consumption and lower electricity expenses. Additionally, the incorporation of photovoltaic (PV) panels, which cover 10% of the buildings’ energy needs, allows for onsite renewable energy generation, further reducing tenants’ energy bills. The buildings are designed to exceed industry standards for energy efficiency, minimising environmental impact while maximising operational savings.

Oliver Winchcombe, Head of Portfolio Management and ESG at Panattoni, said: “Our commitment to sustainability is reflected in the features we’ve incorporated into our developments, which not only benefit the environment but also deliver significant operational cost savings to our tenants”.

David McGougan, Development Director at Panattoni, said: “These two developments are ideally suited for last-mile delivery operations, serving the densely populated and economically vibrant south coast region.

“The delivery of these two schemes emphasise our ongoing commitment to the London and wider southeast markets, which remain under supplied sue to a lack of speculative Grade A development of industrial and logistics space in recent years and in spite of the ongoing robust occupier demand in these areas”.

Letting agents at Panattoni Park Burgess Hill are DTRE, Lambert Smith Hampton and SHW and letting agents at Panattoni Park Brighton are DTRE, Savills and SHW.

Panattoni, the largest logistics real estate developer in the UK and Europe, has begun speculatively developing a 200,000 sq ft logistics park in Crawley as part of its mid-box logistics development dive in the South East.

Panattoni Park Crawley comprises two units of 134,012 sq ft and 65,660 sq ft, which could be combined into one and will be built to a BREEAM sustainability rating of ‘Excellent’ and an EPC rating of ‘A’.  Both units will incorporate enhanced sustainability measures, including roof-mounted solar panels, rainwater harvesting, electric vehicle charging points and 15% roof lights to give a high level of natural daylight.

Panattoni Park Crawley is in an established last mile and distribution location on Fleming Way in the industrial area of Manor Royal Business District, close to Gatwick Airport and junction 10 of the M23. It will provide direct access to the affluent consumer markets of London and the south east. Occupiers at Manor Royal include Amazon, DPD, Hermes, Parcelforce, Royal Mail, UPS, Yodel, Ocado and Tesco.

Panattoni Park Crawley is the fifth current mid-box development for Panattoni in the south east, joining Poyle (80,000 sq ft), Burgess Hill (452,469 sq ft), Brighton (268,063 sq ft) and Basingstoke (117,050 sq ft).

David McGougan, Development Director at Panattoni, said: “This development is in line with our strategy to speculatively develop in undersupplied markets, and Crawley provides occupiers with an excellent base to service London and south east markets.

“The outlook for the mid-box market is positive, with good levels of occupier interest, driven by their flight to quality and the desire to move out of older redundant stock and into modern and efficient space”.

Agents at Panattoni Park Crawley are JLL, Savills and Hollis Hockley.

For more information on Panattoni Park Crawley please visit: https://panattoni.co.uk/our-properties/crawley/

Panattoni, the largest logistics real estate developer in the UK and Europe, has acquired a prime 65-acre site on the Nottinghamshire/Yorkshire border with planning consent for over 1.2 million sq ft.

The two phase development, called Panattoni Central A1(M), by junction 34 of the A1(M), has been acquired from Mulberry Developments in an off-market deal. Panattoni will commence construction of what will be the largest-ever speculative logistics unit in the North of England, a building of 770,000 sqft, in the autumn.  Practical completion is expected in September 2025.

Panattoni is targeting net zero carbon development, an EPC rating of ‘A’ and BREEAM ‘Outstanding’ sustainability rating – its second development in the UK with an ‘Outstanding’ rating this year. The cross-docked unit will benefit from 18m eaves, 55m service yards, EV van and car charging and 15% rooflights.  Winvic Construction has been appointed as the contractor.

The remaining 27-acre plot, which already benefits from reserved matters planning consent for a 461,000 sq ft building will initially be marketed on a build-to-suit basis.  

Panattoni 770 Central A1(M) is in a strategic location with easy access to local and national distribution routes, including the A1(M), M1 and M62 as well as the east coast ports.  Major distribution occupiers in the immediate vicinity include Culina, B&Q, Butternut Box and Daher Aerospace.

Panattoni remains focused on the big box market, where there is a scarcity of supply and strong demand for units of 400,000 sq ft and above.

Dan Burn, Head of Development North West & Yorkshire at Panattoni, said: “This is a fantastic opportunity for us to acquire a prime logistics site in an established location by the A1(M). The development provides us with the opportunity to capitalise on the dearth of supply of XXL units across the country.

Panattoni was advised by Cushman & Wakefield and Mulberry Developments was advised by M1 Agency.  

For more information please visit https://panattoni.co.uk/our-properties/central-a1m/

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.