Panattoni commence construction on three speculative units at V Park, Basingstoke

panattoelement on October 12, 2021

Panattoni commence construction on three speculative units at V Park, Basingstoke

Panattoni, the largest industrial real estate developer in Europe, and Legal & General’s Industrial Property Investment Fund (IPIF) have begun speculatively developing three targeted net zero carbon logistics facilities, totalling 213,350 sq ft, at V Park, Basingstoke.

V Park is located at Viables Industrial Park between junctions 6 and 7 of the M3, well positioned to take advantage of regional axis routes including the M25, A34, M27 and M4, serving the London, Southampton and south east markets. It is part of Panattoni’s commitment to a significant speculative development programme in the UK in response to strong demand from occupiers for immediately available space.

V Park is expected to be completed in Q3 2022. Buckingham Group Contracting has been appointed main contractor on site and demolition has already commenced.

The three facilities of 39,500 sq ft, 77,550 sq ft and 96,300 sq ft will benefit from a market-leading specification, harnessing net zero carbon technology to reduce energy consumption and operating costs. They will be built to a BREEAM rating of ‘Very Good’ and an EPC rating of ‘A’ with many sustainable features. They will also benefit from 50m, self-contained yards, electric vehicle charging points, 12.5m clear internal height,15% roof lights and up to 2.5MVa of power is available.

Alex Mitchell, Development Associate at Panattoni, said: “V Park is a superb opportunity for all occupiers looking to service the London, Southampton and south east markets. It will be a net zero carbon development, which not only reflects our commitment to sustainable development but also provides superior energy performance for occupiers”.

The agents for the scheme are CBRE and Cushman & Wakefield. For more information, please click here

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Panattoni leases 346,000 sq ft speculative warehouse in Luton to Ocado Retail Limited

panattoelement on September 16, 2021

Panattoni leases 346,000 sq ft speculative warehouse in Luton to Ocado Retail Limited

Panattoni, the largest logistics real estate developer in Europe, has signed a lease with Ocado Retail Limited, the online grocer, for a 346,132 sq ft speculatively developed logistics facility in Luton.

Ocado Retail Limited, a joint venture between Marks & Spencer Group and Ocado Group, has signed a 20-year lease at Panattoni Luton 346.

James Watson, Development Director for Panattoni said: “We are delighted to welcome Ocado Retail Limited as a customer to Panattoni Park Luton. Their acquisition of Luton will support their wider plans and assist Ocado in satisfying their customer’s growing demand for online groceries.

The completion of this lease on a building of this scale also demonstrates the demand for high quality available warehouse accommodation in the UK, reinforcing the importance of our speculative development programme. ”

Michael Finnegan, Senior Real Estate Development Manager for Ocado said: ‘The leasing of this Customer Fulfilment Centre (CFC) marks the latest step in delivering Ocado Retail Limited’s ambitious national expansion plans.”

The letting to Ocado completes the leasing of the wider Park at Luton, which is located immediately adjacent to the newly built junction, 11a of the M1.  It is an ideal location from which to serve Greater London, the Midlands and wider south east.

The first unit at the Park of 69,000 sq ft was let to Deta Electrical on a 15-year lease.

Letting agents for Panattoni were Savills, M1 Agency and Adroit Real Estate. Gerald Eve advised Ocado.

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Panattoni enters the French market

panattoelement on September 7, 2021

Panattoni enters the French market

Panattoni, the largest industrial real estate developer in Europe, is continuing its expansion across the European market with the opening of an office at Paris. Salvi Cals has been appointed Managing Director for the French market.

Panattoni expands its foothold in Europe. Following its successful ventures in Germany, the United Kingdom, Netherlands, Poland, Spain, Hungary, the Czech Republic and Slovakia, Panattoni has decided to expand into another market. Its latest destination is France – a dynamic and strategic market for investors and one where the end-customer demand is high. In the first half of 2021, take-up in French logistics real estate reached 18 million sq ft*. “France represents an essential market for our customers. Located in the heart of Western Europe, it is the gateway to many of the European countries in which we are already present as well as markets that we wish to expand into. The services offered by its port, airport and road infrastructure are a key differentiator for the country,” explains Robert Dobrzycki, the Chief Executive Officer of Panattoni Europe.

“Our customers operate in many European markets. In each of these, we want to offer them the best possible conditions to work in, by supplying them with first-class logistics platforms and production space,” insists Robert Dobrzycki. The strength and potential of the French market are the main reasons for this expansion: “As in other European countries, the global pandemic has had little or no impact on warehouse demand. 3PL and retailer resilience, new consumer trends, in particular the rapid growth of e-commerce, have given us the positive signals we need to start building an experienced team of professionals in France right now,” he adds.

The French arm of Panattoni will be led by Salvi Cals, who has been appointed Managing Director.

“Panattoni provides me with the opportunity to offer our customers and partners a wide range of services. The strength of Panattoni’s global platform enables the French team to move quickly and develop a diversity of assets, of all sizes and in all French regions where the supply can be limited,” explains Salvi Cals, Panattoni’s Managing Director for France.

Salvi Cals has the advantage of 15 years’ experience in commercial real estate in France, including more than 10 years at Prologis, where he oversaw its investment services team in Southern Europe from 2010 to 2014. Salvi then joined the capital deployment team in charge of the Paris and Le Havre markets until 2020, when he was promoted to Head of Capital Deployment for France. During his tenure, Salvi managed 3,552,090 sq ft of developments, including speculative and built-to-suit projects, acquired 645,834 sq ft of urban logistics assets in Paris, and secured 11 million sq ft of new development sites.

*Source: CBRE – France Logistics MarketView Q2 2021

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Panattoni leases speculatively developed 280,700 sq ft logistics unit in Bolton to UPS

panattoelement on September 2, 2021

Panattoni leases speculatively developed 280,700 sq ft logistics unit in Bolton to UPS

Panattoni, the largest industrial real estate developer in Europe, has signed a lease agreement with UPS, one of the world’s largest package delivery companies, for a 280,700 sq ft speculatively developed facility at Bolton.

UPS has signed a 10-year lease for the largest of the two facilities at the 360,700 sq ft Panattoni Park Bolton, which has a BREEAM sustainability rating of ‘Very Good’ and an EPC rating of ‘A’. The facility, which has a 15m clear internal height, 24 dock doors and five-level access doors, was completed in September. It is expected that more than 280 jobs will be created.

The first unit of 80,000 sq ft was pre-let in January to Hermes Parcelnet, one of the UK’s largest parcel delivery companies.

Panattoni Park Bolton is close to junction 6 of the M61, providing easy access to the key ports of Liverpool to the west and Hull to the east; the M6 is less than 15 minutes drive, providing access to Scotland, the wider north west and the Midlands.

Dan Burn, Development Director for the North West and Yorkshire at Panattoni, said: “Panattoni Park Bolton is the only development of its size and scale to have been built in Greater Manchester this year. The fact that we have let the two units to two global delivery companies reflects their confidence in this region.

“The town has the second highest employee base in Greater Manchester, yet with wages below the regional average labour costs remain attractive, as does the good mix of skills among the workforce. Employment in the logistics sector is considerably higher than both the regional and national average”.

DTRE, Savills and Knight Frank were the letting agents and TSL Projects was the contractor.

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Panattoni increases speculative programme with over 200,000 sq ft scheme in Crawley, UK

panattoelement on August 12, 2021

Panattoni increases speculative programme with over 200,000 sq ft scheme in Crawley, UK

Panattoni, the largest industrial real estate developer in Europe, is working up plans for a 202,200 sq ft speculative, last-mile logistics development in Crawley.

The development, called Panattoni Park Crawley, is located in the established industrial area of Manor Royal Business District on a 10-acre brownfield site on Fleming Way, which Panattoni has just acquired from Aberdeen Standard Investments.

Panattoni is aiming to submit an outline planning application in the fourth quarter of this year, with a view to beginning demolition and construction in the first half of 2022 and completing in the first quarter of 2023. Panattoni will aim to pre-let the space, which could either be one unit of 202,200 sq ft or two units.

The development is part of Panattoni’s commitment to a significant speculative development programme in the UK in 2021 in response to strong demand from occupiers for immediately available space. In the south, Panattoni has acquired or progressed nearly 10 million sq ft of developments since the onset of Covid in March 2020.

Panattoni Park Crawley is located in an established distribution location adjacent to London Gatwick Airport. It covers an area of 540 acres and is home to more than 600 businesses generating 30,000 jobs.

Tony Watkins, Development Director at Panattoni, said: “This is a rare opportunity to acquire such a well-located site, as land in the south east for building a logistics facility of this scale is very scarce. This is a great site for accessing London”.

Letting agents are JLL and Savills.

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Panattoni leases speculatively developed 515,000 sq ft logistics unit to JD Sports

panattoelement on July 22, 2021

Panattoni leases speculatively developed 515,000 sq ft logistics unit to JD Sports

Panattoni, the largest industrial real estate developer in Europe, has signed a lease agreement with JD Sports, the sports fashion retailer, for a 514,193 sq ft speculatively developed facility at Derby.

JD Sports has signed a 20-year lease for the facility, Derby 515, which is one of the largest single-unit speculative developments under construction in the UK.

With a BREEAM sustainability rating of ‘Very Good’ and an EPC rating of ‘A’, Derby 515 will have a 15m clear internal height, 56 dock doors and eight-level access doors, as well as parking for 185 trailers. It is expected to be completed in the fourth quarter of this year.

The building is part of Panattoni’s 900,000 sq ft development at Derby Commercial Park on Raynesway, two miles east of the city. The second unit at the park is Derby 370, which was let at the beginning of this year to Alloga UK on a 15-year lease term.

Derby Commercial Park is 11 miles from East Midlands Airport, the UK’s largest cargo airport, and within easy HGV reach of East Midlands Maritime, DIRFT and Hams Hall rail freight terminals and ports from Liverpool in the north west, Felixstowe on the east coast, London Gateway and Southampton.

Andy Preston, Development Director at Panattoni, said: “This letting reflects the strength of demand from occupiers for immediately available space and the location of the facility, which has excellent transport links and a very large, suitably skilled workforce in one of the UK’s centres for advanced logistics”.

Letting agents are Avison Young, CBRE and Burbage Realty.  CBRE acted for JD Sports.

 

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Panattoni underway with 345,414 sq ft speculative logistics facility in the Midlands

panattoelement on July 9, 2021

Panattoni underway with 345,414 sq ft speculative logistics facility in the Midlands

Panattoni, the largest industrial real estate developer in Europe, today announced its underway speculatively developing a 345,414 sq ft logistics facility at Tamworth.

The new facility, Tamworth 345 is located on the A5 connecting to the heart of the Midlands motorway network, just minutes from junction 10 of the M42. It is part of Panattoni’s commitment to a significant speculative development programme in the UK in response to strong demand from occupiers for immediately available space.

Construction of Tamworth 345 has now commenced and is expected to be completed in Q1 2022. Buckingham Group Contracting have been appointed main contractor on site.

The facility will benefit from 2MVa of power, 15m clear internal height, 32 dock doors and six-level access doors, a 50m deep yard and built to a BREEAM rating of ‘Very Good’. There will also be parking for 50 HGVs and 221 cars.

Simon Jenkins, Development Director at Panattoni, said: “This is a fantastic opportunity for us, as land in the West Midlands for building a logistics facility of this scale is very scarce. Our appetite for speculative development reflects the strength of demand from occupiers for immediately available space”.

The appointed agents on the scheme are JLL and Burbage Realty. For more information please visit this link.

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Panattoni signs up to RBLI VE day challenge

panattoelement on June 25, 2021

Panattoni signs up to RBLI VE day challenge

Panattoni, the world’s largest privately owned industrial developer, has signed up to the Royal British Legion Industries’ (RBLI) VE Day Highways Challenge.

As part of its £180m investment at Panattoni Park Aylesford in Kent, the company has commissioned RBLI’s social enterprise Britain’s Bravest Manufacturing Company (BBMC) to produce the site hoardings needed during the construction phase, as well as all the road and building signage.

BBMC employs more than 100 people – 70% of whom are veterans and people with disabilities. The team produce wooden products, such as pallets and fruit bins, as well as rail and road signs – including the majority placed around Kent.

RBLI’s Highways Challenge, which was launched in line with May’s anniversary of VE Day, aims to generate an extra £1 million of sales by Remembrance Day 2021, with the profits making it provide more employment opportunities to vulnerable veterans in need of work.

Panattoni’s purchasing decision is part of its commitment to source local products and services wherever possible to support the delivery of its recently approved plans to develop 1.9 million ft2 of logistics and distribution space next to the M20.

Tony Watkins, Development Director at Panattoni, said: “This is one of those occasions when we have been able to source high quality, competitively priced products and at the same time use a local business that’s doing important work supporting our veterans with employment, training and accommodation.”

Following an introduction by Tonbridge & Malling Borough Council, Panattoni shared its signage strategy for the 90-acre site with BBMC’s signage team based at the RBLI Village in Aylesford and agreed a programme of works.

Commenting on the deal with RBLI, Councillor Nicolas Heslop, Leader of Tonbridge & Malling Borough Council, added: “Panattoni is living up to its promise to purchase locally. It’s great to see them partner with Britain’s Bravest Manufacturing Company, and at the same time make progress on creating 3,000 new jobs for the borough on a site that’s been vacant for far too long.”

Steve Sherry CMG OBE, Chief Executive of RBLI, said: “We are delighted to partner with Panattoni and look forward to see how Europe’s largest warehousing and logistics developers transforms the site over the next couple of years providing much needed economic regeneration in the area.

“Every sign and hoarding we produce will help transform the day to day lives of the people  that work at Britain’s Bravest Manufacturing Company and the rest of the veterans we support.”

The commitment from Panattoni sees the property developer join National Rail, road maintenance companies such as Amey, as well as residential and commercial developers and local authorities on BBMC’s customer list.

For further information on Panattoni Park Aylesford, please visit: www.panattoni.co.uk/aylesford

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Panattoni boosts speculative programme with 715,000 sq ft scheme in Yorkshire

panattoelement on June 24, 2021

Panattoni boosts speculative programme with 715,000 sq ft scheme in Yorkshire

Panattoni, the largest industrial real estate developer in Europe, today announced it was working up plans to develop its biggest-ever speculative logistics building in the UK, a 630,000 sq ft facility in Yorkshire.

The 630,000 sq ft facility will be built along with a smaller 85,000 sq ft facility by junction 1 of the M18 at Rotherham on a 40-acre site, which Panattoni has recently acquired from Stretton Denman. Panattoni is aiming to submit a reserved matters planning application in the next few weeks, with a view to beginning construction in the first quarter of 2022.

The 715,000 sq ft development, called Panattoni Park Rotherham, is part of Panattoni’s commitment to a significant speculative development programme in the UK in 2021 in response to strong demand from occupiers for immediately available space. The acquisition of Panattoni Park Rotherham increases the size of Panattoni’s current speculative development programme to around 4.2 million sq ft across eight locations across the North and Midlands, the largest of which are at South Normanton, Derby, Northampton and Crewe.

Panattoni Park Rotherham is located in an established distribution location, immediately adjacent to junction 1 of the M18 and just two miles from junction 32 of the M1. Local occupiers include Great Bear, Clipper Logistics, DX and FedEx.

Letting agents at Panattoni Park Rotherham are M1 Agency, Legat Owen and Knight Frank.

Dan Burn, Development Director for the North West and Yorkshire at Panattoni, said: “Our continued appetite for speculative development reflects the strength of demand from occupiers for immediately available space. In the first quarter of this year half of all take-up in the logistics sector was of speculative developments, driven by demand from e-commerce companies. And in the last 12 months alone, we have let more than 6 million sq ft of space.

“Having let our speculative Wakefield 515 development in May, we are delighted to have acquired this strategic site and look forward to bringing this nationally significant scheme forward over the coming months”.

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Final speculative unit underway at Panattoni Park Northampton, UK

panattoelement on June 8, 2021

Final speculative unit underway at Panattoni Park Northampton, UK

Panattoni, the largest logistics developer in Europe, has revealed it has started construction of the final unit at the 1.7 million sq ft industrial park in Northampton.

Panattoni Park Northampton is already home to three former Panattoni buildings totalling 625,000 sq ft, which were developed speculatively and let to Eddie Stobart Logistics.

In March this year, Winvic Construction began construction with two speculative units being 250,000 sq ft and 430,000 sq ft. These units are available for occupation from August and September 2021 respectively.

Works for the final 380,000 sq ft unit will begin this month, which will be last phase of the project. The unit will comprise of 15m clear internal height, 50m yard depth, 34 dock doors, four level access, 68 HGV trailer spaces and 296 car parking spaces with EV charging.

The three latest buildings on the Park will be built to a BREEAM rating of ‘Excellent’ and have an ‘A’ EPC rating. The section 278 works have completed giving excellent access to the park with immediate access to J16 of the M1.

Once fully occupied, the Park could support over 1000 jobs.

Oliver Bertram, Development Director at Panattoni, said: “Work is forging ahead at Panattoni Park Northampton and we expect the final unit to be available by mid February 2022. We are delighted with progress so far on the site and look forward to completing the final piece of the jigsaw.”

Northampton sits in the so-called ‘logistics golden triangle’, considered to be the UK’s most strategically important location for distribution. Panattoni Park Northampton is only 20 miles from the M6 and A14.

Burbage Realty and Savills are the joint agents on the scheme.

For more details, visit this link.

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