Panattoni wins planning consent for 417,570 sq ft speculative logistics development at Doncaster

panattoelement on February 15, 2023

Panattoni wins planning consent for 417,570 sq ft speculative logistics development at Doncaster

Panattoni, the largest logistics real estate developer in the UK and Europe, has secured planning consent for a 417,570 sq ft speculative logistics development at Doncaster.

Doncaster Council has approved Panattoni’s planning application for the facility, called Panattoni Doncaster 420, which will be one of the largest speculative logistics facilities across the Yorkshire region.

Panattoni will shortly commence speculative development of Panattoni Doncaster 420, which is close to junction 3 of the M18, with completion expected in January 2024. The facility will be built to a BREEAM sustainability rating of ‘Excellent’ and an EPC rating of ‘A’, with many sustainability features, such as electric vehicle charging points and 15% roof lights, incorporated into the development. It will also benefit from 15m clear internal height, 37 loading doors, a 85m deep yard with parking for 74 HGVs, 358 parking spaces and up to 1.5 MVa of power.

Dan Burn, Development Director at Panattoni, said: “Having recently pre-let 630,000 sq ft at Panattoni Park Rotherham, we are delighted to be bringing forward a further large speculative development in South Yorkshire. Panattoni Doncaster 420 offers great access to the regional motorway network and provides a large, skilled labour force.

“Despite the economic headwinds, occupier demand remains high across the region and supply constrained, particularly of ‘Big Box’ warehouses over 400,000 sq ft. We have been encouraged by early interest and look forward to commencing construction over the next few weeks”.

Letting agents are CPP, Colliers International and Cushman & Wakefield.

To find out more about the scheme, please click here 

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Panattoni Acquires Prime West London Site

panattoelement on February 9, 2023

Panattoni Acquires Prime West London Site

Panattoni, the largest logistics real estate developer in the UK and Europe, is working up plans for a speculative 80,000 sq ft last-mile logistics development in the sought-after West London catchment.

The net zero carbon development, which will be called Panattoni Poyle 80, is located west of London Heathrow and close to junction 14 of the M25 on a 3.2-acre brownfield site, which Panattoni has just acquired from CBRE Investment Management.

Panattoni is aiming to submit a planning application for the facility in Q2 2023, with a view to achieving practical completion in Q2 2024. The facility will benefit from enhanced ESG credentials, including PV roof and be built to BREEAM ‘Excellent’ with an EPC A rating.

Poyle is the second South East site to be acquired by Panattoni in the last 3 months, following a 12-acre site at Brighton City Airport.  The site acquisitions are part of Panattoni’s strategy for 2023, which will focus on speculative development in areas where there is a critical shortage of space and significant rental growth potential.

Tony Watkins, Head of Development at Panattoni, said: “This is a rare opportunity to acquire a prime logistics site near Heathrow Airport, which will provide direct access to London; it will also drive forward our ESG agenda for occupiers who are looking to upgrade and future proof their facilities”. Tony adds “…we will continue to selectively purchase key developments that offer value-add opportunities within core markets in London and the South East, where we can drive forward rental growth”.

 

Panattoni was advised by DTRE. CBRE Investment Management was advised by ACRE Capital Real Estate.

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Panattoni presses ahead with next phase at Panattoni Park Bolton

panattoelement on January 12, 2023

Panattoni presses ahead with next phase at Panattoni Park Bolton

Panattoni, the largest logistics real estate developer in the UK and Europe, has let two units totalling 360,000 sq ft at Panattoni Park Bolton to couriers UPS and EVRi and has now submitted plans for a third.

With work on phase one completed, Panattoni’s attention now turns to the last vacant parcel at the 21-acre former Bernstein’s Kitchen Factory site.

Located off Great Bank Road within Wingates Industrial Estate, the third unit will provide 48,000 sq ft of logistics space and benefit from 36 parking spaces.

Panattoni was granted hybrid planning permission for a total of 417,000 sq ft of industrial and logistics space in October 2020.

Consent for the Evri and UPS units was received in full, while outline permission was granted for the third and smallest unit.

Now, Panattoni is requesting full consent for the final piece of the Panattoni Park Bolton jigsaw.

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Panattoni acquires prime 257,000 sq ft logistics development site in Brighton

panattoelement on December 7, 2022

Panattoni acquires prime 257,000 sq ft logistics development site in Brighton

Panattoni, the largest logistics real estate developer in the UK and Europe, has acquired a prime site near Brighton for a 257,000 sq ft speculative logistics development to serve the south coast markets.

The development, called Panattoni Park Brighton, is on a 12-acre site, which Panattoni has just acquired in an off-market deal from an investment vehicle managed by Kennedy Wilson. It is located within the boundary of Brighton City Airport and with excellent access onto the A27.

Panattoni plans to begin speculative development of the park, which has detailed planning consent, in the first quarter of 2023, with completion expected in the fourth quarter. It will consist of seven units, ranging from 19,000 sq ft to 71,495 sq ft, which will be built to a targeted BREEAM rating of ‘Excellent’ and an EPC rating of ‘A’ and benefit from eaves ranging from 7m to 10m, 15% roof lights and EV charging for vans and cars.

The speculative development will offer much-needed space for occupiers, due to the lack of availability in the area.

Tony Watkins, Head of Development for the South East and London at Panattoni, said: “Despite the headwinds facing the whole real estate sector, both Panattoni and Kennedy Wilson are delighted to have closed the transaction for this very well-located site in a very supply-constrained market. We hope to work together on further development transactions.

“We continue to look for opportunities to acquire land, given that the need from occupiers for the development of new facilities remains great. Logistics still has value and we retain our strong commitment to the sector”.

Mike Pegler, Head of UK at Kennedy Wilson, said: “We recognised a compelling opportunity to unlock the full potential of the whole Brighton City Airport estate following our acquisition of the site in 2020 and moved quickly to secure planning permission for a new industrial development on this site.

“Two years later, as demand for new logistics and industrial space has steadily increased within a region acutely lacking in supply, we are pleased to complete this transaction with Panattoni that will lead to the creation of much-needed, high-quality space with leading ESG credentials. We retain our interest in the remainder of the airport estate and look forward to working with all stakeholders to further its long-term success”.

 

DTRE represented Kennedy Wilson on the sale. Agents for Panattoni Park Brighton are DTRE, Savills and SHW.

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Panattoni and LaSalle Investment Management raise €13,657 from cycle ride to EXPO REAL

panattoelement on November 18, 2022

Panattoni and LaSalle Investment Management raise €13,657 from cycle ride to EXPO REAL

Panattoni, the largest logistics real estate developer in Europe, and LaSalle Investment Management, one of the world’s leading real estate investment managers, have raised more than €13,000 for a charity leading the fight against cystic fibrosis from a 450km charity cycle ride to EXPO REAL, Europe’s largest real estate trade fair.

Over three days, 24 cyclists from the real estate industry battled heavy winds, foggy mornings and a lot of rain as they rode from Zurich through the glorious regions of Lake Constance, Rorschacherberg and Garmisch-Partenkirchen to reach EXPO REAL in Munich in time for its start on 4 October.

The riders were raising funds for Vaincre la Mucoviscídose, an excellent association leading the fight against cystic fibrosis, the most common hereditary genetic disease. Since its establishment in 1965, Vaincre la Mucoviscidose has enabled considerable advances to be made in relation to the lives of patients and their families, thanks to the commitment of healthcare providers and researchers working alongside it.

The riders hailed from the Czech Republic, France, Germany, Poland, Spain and the UK, and work for Panattoni, LaSalle Investment Management and other real estate companies, KKR, Catella, Blackbrook Capital, Trigea, Bryan Cave Leighton Paisner and Stratimmo. There were Marek Dobrzycki, Juan Antonio Irala Guzmán, Karel Klečka, Kamil Kuleta, Artur Mokrzycki, Xavier Mouette, Simon Willgress, Jürgen Wilscher, Adeline Bottollier-Curtet, Armin El-Noshokaty, Herve Mounier, Michel Koutsomanis, Pascale Girault, Peter Schäfer, Uwe Rempis, Veronika Leupold, Wolfgang Holzberger, Yves Descourtieux, Arthur Groshens, Jean-Paul Vignac, Pavel Novák, Simon Marrison and Jon Strang.

Artur Mokrzycki, Head of Capital Markets, Europe at Panattoni said: “This event provided the perfect opportunity to combine an exciting cycling route with raising money for a very worthy cause as well as aligning with our goals for employee wellbeing and sustainability”

“We are overwhelmed with the amount of donations having over 70 donors in total help raise money for such a great cause. The cycle was testing with some harsh weather conditions but it didn’t once stop us from achieving our goal for Vaincre la Mucoviscídose. I would like to thank Exporeal for their active support including the media presence and donations made.”

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Panattoni begins construction of UK’s largest-ever speculative building

panattoelement on November 1, 2022

Panattoni begins construction of UK’s largest-ever speculative building

Panattoni, the largest logistics real estate developer in the UK and Europe, has begun speculatively developing 1.3 million sq ft of logistics space, which will include the UK’s largest-ever speculative logistics building, in Avonmouth, Bristol.

The £280 million development, Panattoni Park Avonmouth, comprises of two units a 406,000 sq ft and 882,000 sq ft. The larger of the two will be the UK’s largest-ever speculatively built warehouse. Both units are being built in one phase and are expected to be completed in September 2023. ISG has been appointed main contractor.

The units will be built to a targeted BREEAM rating of ‘Excellent’ and an EPC rating of ‘A’ and benefit from extensive 50m yards, 17m + clear internal heights, generous car and lorry parking, and 8MVA of power.

Panattoni Park Avonmouth is strategically positioned for local and national distribution, London and the wider south east markets, Avonmouth Docks, Royal Portbury Docks, Bristol Airport, Avonmouth Rail Freight Terminal and Bristol Parkway train station, given the quick access to both the M4 and M5 motorways. The development is located close to leading logistics occupiers such as Amazon, DHL, The Range, TESCO and Lidl.

James Watson, Head of Development Southern England & London, Panattoni UK, said: “We closed the purchase of this site despite the current macro-economic challenges, but have conviction the logistics occupier market will continue to perform. Our continued commitment to the ‘big box’ market is shown with this being the largest speculative development in the UK. We are glad to be on-site with construction, providing much-needed space for such a supply constrained market. Practical Completion of Panattoni Park Avonmouth is September 2023.”

Robert Dobrzycki, CEO & Co-owner Panattoni Europe and India, said: “Developing the largest-ever speculative logistics building in the UK is testament to our global strategy of scaling up our developments at the highest level of quality and reflects our continuing confidence in the logistics sector as well as our desire to provide much-needed space for our international client base. Quality and a proven investment model – not just price competitiveness – are becoming our distinguishing factors in the real estate market”.

Agents for Panattoni Park Avonmouth are DTRE, Savills, JLL & Colliers.

For more information please visit panattoni.co.uk/avonmouth

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Panattoni features in October issue of Thinking Business Magazine

panattoelement on October 14, 2022

Panattoni features in October issue of Thinking Business Magazine

Tony Watkins, Head of Development London & South East, recently had the opportunity to sit down with Thinking Business Magazine to give an insight into why Panattoni is investing more than £180m in Kent.

Despite excellent motorway connections to the Channel ports and M25, Kent has a longstanding un-met need for high quality logistics and warehousing space. However, that’s changing, thanks in part to Panattoni’s arrival in the county.

The company is transforming the 90-acre former Aylesford Newsprint site to create high-quality logistics and distribution space, employing more than 3,000 people. When fully completed in Q1 2024, the park will be the company’s largest UK investment, and part of its commitment to supporting its global clients and strengthening local employment. The first unit at the park will be operational from this month and be in full employment use ready for the Christmas peak.

Former Aylesford Newsprint Site

Former Aylesford Newsprint Site

 

As a site, Aylesford offers the perfect location with motorway connections, existing access to the power network and a size to meet the exacting demands of the distribution and warehousing industry, without requiring development on greenfield land.

The prospect of new jobs was welcomed by local residents, and its economic significance helped ensure the plans got the green light from Tonbridge and Malling Borough Council, and support from Kent County Council and Locate in Kent.

Progress at Panattoni Park Aylesford

Progress at Panattoni Park Aylesford

 

Demand led development

Having marketed the site to the global logistics industry, Panattoni’s confidence was quickly rewarded with significant levels of demand from industry leaders wanting to secure operations in Kent.

Four occupiers have already been secured for the site near Junction 4 of the M20, including DHL, Fowler Welch, Evri (formerly Hermes) and most recently Marley Tiles, with other deals close to being finalised.

When it comes to demonstrating confidence, nothing speaks louder in the property industry than investing in speculative development. It’s a case of “If we build it, they will come” and that is exactly what Panattoni is doing here in Kent. The company is shortly to bring forward plans to speculatively create 750,000 sq ft of high-quality flexible warehousing space on the site. The aim is for the building to be operational, subject to planning, by the end of Q1, 2024.

Aylesford Panattoni Warehouse

CGI at Panattoni Park Aylesford

 

Strengthening local supply chains

After being introduced by Tonbridge and Malling Borough Council, Panattoni signed up Royal British Legion Industries (RBLI) to supply the permanent estate signage and hoardings for the whole development site. RBLI’s social enterprise Britain’s Bravest Manufacturing Company employs more than 100 people – 70% of whom are veterans and people with disabilities. The partnership is one of those occasions when Panattoni has been able to source high quality, competitively priced products and also support the nation’s veterans with employment, training and accommodation.

Leading by example

The company is also delivering on its environmental commitments by exceeding its requirement to deliver a 10 per cent Biodiversity Net Gain onsite at Aylesford. It is also working closely with Kent Wildlife Trust to support a number of local environmental projects, including work on Ditton Stream.

As part of its commitment to sustainable development, Panattoni will use low or Zero Carbon technologies to reduce energy demand and CO2 emissions at Aylesford. Solar panels, air source heat pumps and LED lighting will reduce energy consumption and associated CO2 emissions by at least 10 per cent. No gas will be used in its operation, and EV charging points for cars and bikes are being integrated. The whole park will be certified to the national environmental standards, with a BREEAM rating of ‘Excellent’ and Energy Performance Certificate of ‘A’.

Wider benefits

As part of its Section 106 agreement, Panattoni is also funding the construction of a £7m road which will link Bellingham Way to Station Road to improve the local infrastructure and at the same time restrict HGV access to Aylesford village. When construction of the new link road is finished, it will formally become part of KCC’s road network.

After listening to the local community and recognising the need to enhance local transport provision, Panattoni will fund an upgrade to the local bus service for five years, and contribute towards a cycle hire scheme. More than 4km of new cycle paths and footpaths will be put in place, as well as improvements to the New Hythe and Aylesford railway stations.

Continued investment

On an 8-acre site at Wrotham, Panattoni is proposing to develop a 58,000 sq ft distribution centre, creating 250 jobs and retaining longstanding employer Marley Tiles in the borough. Located on the A20/London Road, the site offers easy access to the M26 and M20, and would be home to a high-quality facility for leading parcel delivery company DPD to support online and high street retailers.

The Wrotham proposals offer a win-win for Kent, with Marley Tiles being able to relocate to Panattoni Park Aylesford and the site freed up for greater levels of employment and the investment in a high-quality distribution centre.

Proposed development at Wrotham

Proposed development at Wrotham

 

Award-winning

Panattoni has been crowned the Developer of the Year at the Insider’s South East Property Awards 2022. The company has also announced proposals for delivering development in Burgess Hill in West Sussex, plus a 200,000 sq ft planning application for a new unit in Crawley, with a new three-unit net zero development in Basingstoke currently under construction.

Long-term perspective

With it’s commitment to being a good neighbour and recognising that the industry it serves can impact on the local community will see Panattoni continue to manage the day-to-day operation of the Aylesford park going forward, and retaining it within its portfolio.

As for the future, with the ongoing growth in online sales, the outlook for Panattoni who count many global brands and household names among their customers looks positive – with Kent a beneficiary with Panattoni always open to having a conversation about other sites.

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Panattoni secures 630,000 sq ft pre-let to Alliance Automotive Group in Rotherham

panattoelement on October 7, 2022

Panattoni secures 630,000 sq ft pre-let to Alliance Automotive Group in Rotherham

Panattoni, the largest logistics real estate developer in the UK and Europe, has signed a pre-lease agreement with Alliance Automotive Group (“AAG”), a leading distributor of passenger and commercial vehicle parts, with significant international brands such as NAPA, BOSCH, Apec and FPS for a 630,000 sq ft facility at Panattoni Park Rotherham.

AAG has signed a 25-year lease for the facility, which will be one of the largest-ever speculative logistics buildings in the north of England.

Construction of the facility along with a smaller 80,000 sq ft unit, has just begun, with completion expected in August 2023. They will be built to a minimum BREEAM sustainability rating of ‘Very Good’ and an EPC rating of ‘A’.

The Park is located next to junction 1 of the M18 at Rotherham, the 40-acre Panattoni Park Rotherham bridges the last mile to the 1.4 million consumers of the Sheffield city region.

Dan Burn, Head of Development, North West &Yorkshire at Panattoni, said: “This major pre-let to AAG endorses our continuing commitment to a significant speculative development programme across the UK and our continued confidence in the logistics sector.  We look forward to working with AAG over the coming months as we bring significant investment and employment opportunities to Rotherham”.

Steve Richardson, AAG’s Managing Director, said: “We’re delighted to partner with Panattoni to secure this new facility for our FPS business. We’ve experienced significant growth since acquiring FPS in 2016 and this investment not only allows us to consolidate our three existing facilities in Sheffield, but also forms part of our wider programme to strengthen our distribution infrastructure to ensure we are prepared for future growth.

“This will be a purpose-built, state-of-the-art facility, integrating best-in-class logistics operations with advanced technologies to put us at the forefront of aftermarket distribution.  As we move forward customers can expect an even wider product offering alongside market leading service and support. It’s an exciting next step in our journey and we expect the new facility to be operational in the first quarter of 2025”.

Letting agents are M1 Agency, Legat Owen and Knight Frank.

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Panattoni and LaSalle sponsor 450km charity cycle ride to EXPO REAL

panattoelement on September 30, 2022

Panattoni and LaSalle sponsor 450km charity cycle ride to EXPO REAL

Panattoni, the largest logistics real estate developer in Europe, is proud to be sponsoring with LaSalle Investment Management, one of the world’s leading real estate investment managers, a 450km charity cycle ride from Switzerland to EXPO REAL, Europe’s largest real estate trade fair, in Munich.

Over three days, 24 cyclists from the real estate industry, hailing from the Czech Republic, France, Germany, Poland, Spain and the UK, will be riding from Zurich through the glorious regions of Lake Constance, Rorschacherberg and Garmisch-Partenkirchen to reach EXPO REAL in time for its start on 4 October.

The riders are raising funds for Vaincre la Mucoviscídose, an excellent association leading the fight against Cystic Fibrosis, the most common hereditary genetic disease. Since its establishment in 1965, Vaincre la Mucoviscidose has enabled considerable advances to be made in relation to the lives of patients and their families, thanks to the commitment of healthcare providers and researchers working alongside it.

Anita Pietrykowska, Head of Marketing and Communications Europe at Panattoni said: “This event provides the perfect opportunity to combine an exciting cycling route with raising money for a very worthy cause. We hope that the kind and generous support from the real estate industry will enable us to make a significant donation to Vaincre la Mucoviscidose, as 87% of its resources come from the generosity of individuals and partners”.

The Panattoni team will be attending the International Property Fair EXPO REAL 2022 itself. Panattoni will be represented by 70 people from across Europe, which now operates from across 14 countries in Europe.

Panattoni stand is A3.310 in Munich, between 4th and 6th October 2022.

Donations can be made online by following the link: https://mondefi.vaincrelamuco.org/projects/panattoni-lasalle-zurich-expo-real-charity-ride-2022

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Panattoni starts on-site with 710,000 sq ft speculative logistics development in Rotherham

panattoelement on September 20, 2022

Panattoni starts on-site with 710,000 sq ft speculative logistics development in Rotherham

Panattoni, the largest logistics real estate developer in the UK and Europe, has started construction of it’s 710,000 sq ft speculative logistics development in Rotherham.

Panattoni Park Rotherham comprises of two facilities adjacent to junction 1 of the M18 at Rotherham, one of 630,000 sq ft, which will be one of the largest-ever speculative logistics buildings in the north of England, and a smaller 80,000 sq ft facility.

The 40-acre site, named Panattoni Park Rotherham occupies a prime position within the in-demand M1-M18 triangle, close to the important east-west axis of the M62, the large markets of Leeds and Manchester, plus the ports of Liverpool, Hull and Immingham.

Buckingham’s have been appointed main contractor and are now on-site starting earthworks for the development. Over the next few weeks the contractor will be starting cut and fill operation and forming the main entrance to the site to make sure it’s fully operational. The two speculative developments are expected to complete in Q3 2023.

The buildings benefit from a range of sustainable credentials such as EV van and car chagrining points, 15% roof lights, PV ready frame, BREEAM rating of ‘Very Good’ and an EPC rating of ‘A’.Dan Burn, Head of Development; North West & Yorkshire at Panattoni, said: ‘We are glad to be on-site starting construction of such significant scale in the North of England. The development has already seen substantial interest from occupiers, especially with the lack of supply of Grade-A space in the region. Panattoni’s speculative development programme keeps providing these opportunities that are missing in the market.”Letting agents are M1 Agency, Legat Owen and Knight Frank.

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