Author: connor

Panattoni, the world’s largest privately owned industrial developer, has announced the acquisition of an 11.8-acre site in Bognor Regis, marking its fourth strategic land purchase in the South Coast region in the past two years, following acquisitions in Crawley, Burgess Hill, and Brighton, all along the M23 corridor.

Amid a scarcity of land for new developments and the growing trend of repurposing older Grade B facilities, this new site aims to address the significant mismatch between supply and demand in the South Coast region.

Purchased from Hanbury Developments, the site will form part of Panattoni’s expanding mid-box development programme, designed to target undersupplied markets with sustainable and versatile logistics solutions.

Located adjacent to established units occupied by Amazon and Rolls Royce, the site offers access to 3.8 million unique addresses within a 50-mile radius. This proximity, combined with excellent transport links via the A29 dual carriageway, positions the development as a key logistics hub for businesses.

Plans have been submitted for the speculative development, with construction expected to commence in June 2025 and completion anticipated in Q3 2026. The site will host three industrial units measuring 30,534 sq ft, 58,328 sq ft, and 111,137 sq ft, with a combined footprint of 200,000 sq ft, offering exceptional flexibility to accommodate diverse tenant needs.

Sustainability remains a key focus for Panattoni, with the logistics park targeting a BREEAM ‘Excellent’ rating and an EPC ‘A’ energy efficiency standard. Key features include roof-mounted solar photovoltaic (PV) systems, rainwater harvesting, 15% rooflights to maximise natural daylight, and electric vehicle charging points. These initiatives demonstrate Panattoni’s focus on reducing environmental impact while enhancing operational efficiency.

David McGougan, Development Director at Panattoni commented on the news, saying: “The acquisition of this prime site in Bognor Regis is a step forward in delivering our South Coast strategy, offering strategically located logistics solutions in unsupplied market. Situated in a prime Sussex location with access to millions of consumers, this development offers an exceptional opportunity, combining cost-efficient units for future tenants.  

“As part of the strategy this will be our fourth acquisition in the last two years, developing our mid-box speculative portfolio in the South Coast, we commit to continuing our mid-box developments with further acquisition in the near future.”

Panattoni was advised by LSH on the acquisition of the Bognor Regis site, while Hanbury Developments was represented by SHW.

Panattoni, the largest logistics real estate developer in the UK and Europe, has secured the first letting at its 458,000 sq ft mid-box, last-mile logistics park at Burgess Hill, south of London.

EMED Group, an established healthcare logistics provider, has signed a 10-year lease for 35,000 sq ft of space.

The facility offers sustainable features, advanced energy performance and extensive warranties, the park has been developed with a strong focus on sustainability, built to a BREEAM sustainability rating of ‘Excellent’ and an EPC rating of ‘A’.

Panattoni Park Burgess Hill is a speculative development, which is now available to occupy, offering a flexible range of unit sizes from 8,142 sq ft to 147,408 sq ft in single units. The park provides modern, high-specification facilities designed to meet the needs of businesses seeking sustainable and efficient industrial and warehouse space. It is located on a 22-acre site, fronting 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.

David McGougan, Development Director at Panattoni, said:  “We identified a significant gap in the market for mid-box units, particularly in the 20,000 to 150,000 sq ft range. The response has been tremendous, with high levels of interest from occupiers for these speculative units. It’s evident that there is a critical undersupply of high-quality industrial space in the region.

“Our business model focuses on acquiring sites in areas with limited stock to provide tenants with opportunities to enhance their operations. Demand remains particularly strong for mid box distribution units that enable occupiers to hit their own ESG targets while delivering a high base specification including excellent eaves heights and dedicated parking and yard space”.

Letting agents at Panattoni Park Burgess Hill are DTRE, Lambert Smith Hampton and SHW; Vail Williams advised EMED Group

Panattoni Park Swindon, located on the 370-acre site of the former Honda Manufacturing Plant, has made significant progress in 2024. Following the demolition of the old plant this year, the site clearance and plateau preparation have been successfully completed, setting the stage for an exciting new chapter.

Panattoni is thrilled to announce that exciting news will be coming to the market in 2025—stay tuned for updates! As the year comes to a close, Panattoni would like to wish everyone a Merry Christmas and extend heartfelt thanks for your continued support throughout 2024.

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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