Panattoni commits to 1m sq ft in Northampton

panattoelement on November 25, 2020

Panattoni commits to 1m sq ft in Northampton

Panattoni, the largest industrial developer in Europe, is set to start work on the second phase of its 1.6 million sq ft industrial park in Northampton.

Panattoni Park Northampton is already the home to three former Panattoni buildings and will see further units delivered at 250,000 sq ft, 380,000 sq ft and 430,000 sq ft, totalling over another 1 million sq ft at the park.

The second phase of development at the Park comes after Panattoni successfully speculatively developed and let 625,000 sq ft of space to Eddie Stobart Logistics. The three new units will be developed over two phases, the first being units 250,000 sq ft and 430,000 sq ft started in December 2020. The 380,000 sq ft will commence in 2021.

Each will benefit from the same prominent location based on junction 16 of the M1 motorway, which will see tens of thousands of cars pass the occupiers’ logos each day. The two larger units have additional planning consent for 18 metre clear internal height. Build to suit opportunities are available during the development process, together with the option for an occupier to combine the two larger proposed warehouses into a single 800,000 sq ft unit.

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.

The completed buildings will be built to a BREEAM rating of ‘Excellent’ and have an ‘A’ EPC rating. Local services have been improved on site as part of the development, with the Red Lion Truck Stop parking area being expanded to accommodate more vehicles, as well as a HGV filling station being added to the existing set of pumps. The section 278 road that leads to the truck stop and main development has also been improved to give better access to the motorway. Once fully occupied, the development could support over 1000 jobs.

Oliver Bertram, Development Director at Panattoni, said: “We’re delighted to be continuing the development in Northampton, after only recently completing the three units for Eddie Stobart. This shows that Panattoni has the confidence to deliver speculatively, knowing that the market needs more space.

“This park gives businesses an ideal base to serve key markets across the UK, with direct access to the country’s major motorways. Market interest remains high in this area and we are committed to providing the right spaces for businesses to expand their operations. The new units at Panattoni Park Northampton will do just that.”

Matthew Byrom, Managing Director at Panattoni, added: “This next phase of development in Northampton demonstrates the success of our high-level business strategy in the UK and the speed and scale at which we work. There are limited opportunities in the UK that will deliver a 1 million sq ft spec option and it’s an important build for industry as a whole and one that we anticipate will soon be let quickly.”

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Panattoni in UK & Europe develops over 16m sq ft in Q3

panattoelement on November 25, 2020

Panattoni in UK & Europe develops over 16m sq ft in Q3

Panattoni, the market leader in industrial real estate in Europe, had a busy third quarter, marked by the development of e-commerce and manufacturing space. At the end of September, the company had 16m sq ft of warehouse space under construction across Europe. Panattoni also started the construction of a distribution centre for Amazon in Schortens (Germany), as well as of the Wakefield 515 speculative project in Yorkshire (UK). In Poland, the developer began construction of a production facility for Danfoss Poland, carried on with work on a grill factory for Weber, and continued the development of e-commerce space at its parks as well as in its BTS projects.

Busy times in Europe. At the end of Q3, Panattoni had 1.5m sqm of industrial space under development. The company continued to increase its operations in Germany and the UK, where it carried on with work on Wakefield 515 – the largest speculative warehouse construction in the North of the country. The 512,850 sq ft building is ideally located to serve the regional and national markets and will feature a number of sustainable solutions, including rainwater harvesting.

In Germany, besides starting construction of the fifth distribution centre for Amazon in the Jade Weser Park warehousing facility, Panattoni continued work on two key speculative developments, both of which are brownfield projects. The first one, in Verden, comprises two industrial buildings with a total area of 646,000 sq ft; the second one, in Essen, includes over 215,000 sq ft of industrial space. In Ladenburg, work is in progress on a 581,000 sq ft logistics facility for Neska. The technologically advanced facility will be served by semi-automated forklifts designed to work in its narrow aisles, and photovoltaic panels are to be set on the roof of the building.

Panattoni was also active in the Czech Republic, where the company has several developments, including the 269,000 sq ft smart factory for Kion Group in Stříbro. Europe’s most sustainable industrial complex – Panattoni Park Cheb South – was BREEAM certified with a rating of ‘Outstanding’.

Work in progress in the Netherlands and Spain. Even though Panattoni has been active in these two markets for less than a year, it has already managed to make its presence felt. In the third quarter, the company’s arm in the Netherlands continued development of a 463,000 sq ft ultra-modern distribution centre in Venlo South. The developer also worked on an important project for Ridderkerk in Southern Rotterdam, which will have an area of 430,000 sq ft. In Spain, Panattoni continued work on two projects: a 305,000 sq ft industrial park in the Spanish village of Torija, close to the A2 (Madrid–Barcelona) motorway, and a 366,000 sq ft Logistics park in Vitoria, which is strategically located for transport between the Iberian Peninsula and the rest of Europe. Panattoni is planning to intensify its activity in both countries, as their markets are expected to be fuelled by the growth of e-commerce.

Polish share in the development. Panattoni has dynamic Polish operations. The space under construction includes among others 560,000 sq ft for Globalway (part of Costway group) in Panattoni Park Tricity East IV and a 721,000 sq ft BTS project in Czeladź, which is being customized for a sports fashion and accessories manufacturer. Projects nearing completion include a technologically advanced factory (161,000 sq ft) for Phoenix Contact e-mobility in the Rzeszów-Dworzysko Science and Technology Park and a grill factory for Weber in Zabrze. Panattoni is also expanding its City Logistics segment, having recently started development of City Logistics Warsaw (118,000 sq ft) and the Logistics Warsaw Airport II warehouse project (97,000 sq ft).

As Robert Dobrzycki, CEO from Panattoni commented: ‘The scale of Panattoni’s development across Europe is, on one hand, the evidence of the resilience that this sector is showing against the headwinds created by the pandemic; on the other, it reflects wider economic trends. The volume of space dedicated to e-commerce has significantly increased, demonstrating a 20 pct growth across our development portfolio in Q3. The involvement of production companies increased, as well as of distributors, always dependent on imports, who were impacted by supply chain disruptions in the first phase of the pandemic.’ He adds: ‘2020 is a year of revolutionary changes, which made the industrial sector the most attractive segment of real estate.’

To date, Panattoni has developed projects in Europe with more than 100 million sq ft of modern warehousing and manufacturing space, including 81 million sq ft in Poland. E-commerce projects make up a third of that amount – a share which the developer only expects will increase. According to the “Europe 2020: Ecommerce Region Report”, e-commerce in Europe is expected to be worth EUR 717 billion at the end of 2020. This translates to an increase of 12.7 pct y-o-y, but according to Ecommerce Europe, the full impact of the coronavirus pandemic has yet to be seen. Although the e-commerce market is more developed in Western Europe, as the region handles 70 pct of the e-commerce sales in Europe and has the largest percentage of people who shop online (94 pct in UK and 84 pct in Germany and the Netherlands), it is Eastern Europe that is now recording the largest growth, with 30 pct growth in Romania and Bulgaria, for example. The market is also rapidly developing in Spain, with 29 pct growth. The “E-commerce in Poland” report carried out by Gemius and the Chamber of Electronic Commerce (Izba Gospodarki Elektronicznej) in H1 2020 shows that 73 pct of internet users in Poland shop online, that is an 11 pp increase compared to the previous report. In light of this, the growth of the e-commerce sector at the end of this year may be much higher than the previously forecasted 18 pct.

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Growth is Strong in Germany for Panattoni

panattoelement on November 24, 2020

Growth is Strong in Germany for Panattoni

  • Panattoni announces positive annual results despite coronavirus pandemic
  • Investments in German Network deliver high customer satisfaction
  • Panattoni named Europe’s most successful project developer for fourth time in succession

Panattoni, Europe’s largest developer of industrial and logistics property, has announced positive results for the fiscal year 2020 despite the socio-political effects of the coronavirus pandemic. In Germany the developer was already handing over 14 complex projects to its customers. Some more to be completed until end of the year. Therefore creating a size of 300.000 square metres of building space in Germany. Already 21 new developments are brought on the way for 2021.

The investments in an expanded sales network, with four offices in Germany and measures to strengthen the team paid off. These key factors have increased Panattoni’s overall performance capabilities and improved essentially the service quality of the developer. Particular optimisations have been made in respect of in-situ collaboration with customers and partners. Panattoni has also expanded its Property Management business segment in Germany. To date, its portfolio of managed properties only included projects realised by Panattoni itself. However, the developer is now moving to take care of property management operations for external projects and partners. Most recently a new contract have been signed for a portfolio of four properties.

In addition to projects developed for the logistics and industrial sectors, Panattoni has also reached key milestones in the German market with its novel urban business parks. The developer is working to create an additional to the “City Dock” Berlin Spandau in Falkensee, just outside Berlin. These innovative business parks are a much-needed solution to the lack of urban commercial space; they will offer flexible and modular premises starting from 700m² to users from different sectors.

Fred-Markus Bohne, Managing Partner at Panattoni in Germany, summarised the last year: “In view of the enormous economic and social restrictions brought about by the coronavirus pandemic, it is gratifying to see our development during this difficult year. The pandemic has forced us and our partners to adapt, from maintaining contact to restructuring project schedules and staying the course in order to bring projects to a successful and timely conclusion. We were able to do so thanks to strong communication with our partners and dedicated crisis management operations; although we remain cautious, it gives us reason to look to the year ahead with optimism. We want to be there for our customers and continue to grow together in 2021. Our work today lays the foundations for that.”

Panattoni also has success to celebrate at the European level. Once again, specialist real estate magazine PropertyEU’s rankings of Europe’s leading project developers for logistics properties puts Panattoni in first place. A total of fourteen developers were included in the rankings, which are based on the period from 2017 to 2019. By handing over a total of 6.31 million square metres of logistics and industrial premises across Europe. Panattoni delivered double the surface area of the second-placed developer and has been crowned Europe’s largest developer for the fourth time and has another time proved itself a capable and reliable project developer in the European market.

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Panattoni to develop a new logistics project in Barcelona

panattoelement on November 23, 2020

Panattoni to develop a new logistics project in Barcelona

Panattoni, Europe’s logistics and industrial real estate market leader, has announced the acquisition of 46,920 m2 plot of land that will be used for the development of a logistics project in the municipality of Castellbisbal, Barcelona. This will be their first project in Catalonia and will be able to adapt to meet market demand by developing either a warehouse building of 18,000 m2; or a crossdocking warehouse for last mile distribution of up to 14,000 m2.

With this announcement, Panattoni gives new impetus to its policy of growth in Spain, quickly placing itself in the most significant markets of the Logistics Real Estate sector. Panattoni Park Barcelona City I, will be located in the Industrial Park Can Estapé, Castellbisbal, adjacent to the city of Barcelona. At less than 20km away from the centre of Barcelona, with excellent connections to motorways, multimodal centres and the Port of Barcelona, it is a very strategic location for merchandisers both in e-commerce and last mile operations.

Panattoni Park Barcelona City I will be designed and built under the highest quality standards of the market and with environmental certificate BREEAM “Very Good”.

“Panattoni’s arrival in Barcelona with this project is an important milestone for the company, and achieving it so soon after entering the Spanish market is very satisfying for us. The limited availability of logistics facilities within the Barcelona area, coupled with growing demand driven by the recent rise of e-commerce, make us confident that this operation will be a guaranteed success. To that end, we offer our customers a high quality product, tailored to their needs, at competitive prices that characterize our developments,” said Gustavo Cardozo, Managing Director of Panattoni for Spain and Portugal.

The transaction was brokered by the consulting firm Cushman & Wakefield, who will also lead the marketing of this development. The construction of the project – once it is launched – is expected to begin in the second quarter of 2021.

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Panattoni Park Nottingham now fully let

panattoelement on November 18, 2020

Panattoni Park Nottingham now fully let

Panattoni, Europe’s largest industrial developer, has leased all three commercial units at its 55-acre park in Nottingham. Panattoni Park Nottingham totals 715,000 sq ft and has direct access to the M1 motorway at junction 26, which will be a key logistics hub for some of the UK’s largest businesses looking to better serve the Midlands and north of England.

The Park consists of three separate commercial units that were built in one phase with development financing for the project provided by LBBW. The largest building, a cross-docked distribution unit totalling 551,031 sq ft, has been let to a global ecommerce retailer. This is the largest letting of a new speculative development in the Midlands this year. The park also contains two other warehouses – at 89,073 sq ft and 75,402 sq ft – which have been taken by Food Innovations, a UK-based manufacturer of home baking products, and logistics specialist Hermes.

Situated in Eastwood on the A610, Panattoni Park Nottingham will offer its occupiers quick access to major road networks connecting central and northern parts of the UK. This strategically advantageous location not only gives HGVs access to nearly 40 million people within four hours’ drive – just over 60% of the UK’s population – but also a straightforward commute for on-site employees.

Simon Jenkins, Development Director at Panattoni, said: We are excited to welcome all new tenants to Panattoni Park Nottingham and have the park fully let. The scheme offers its occupiers versatile space with excellent transport links. Developments like these are essential for the continued growth the UK’s economy, offering strategic support for businesses and employment opportunities for those living nearby.”

Matthew Byrom, Managing Director of Panattoni, added: “Projects like this typify Panattoni’s commitment to the UK market and its ability to meet the needs of businesses across the country. Prior to purchase the land had lacked purpose, having been left unused for some time, but our vision has now breathed new life into the area and secured long-term investment.”

Ashley Walker, Director of Planning & Hubs at Hermes UK, commented: “This site will be key for our expanding operations across the whole of the UK in line with our ambitious growth plans, in response to consumer demand. Panattoni have partnered with us to provide a site that will help us deliver a better service for all of our clients and their customers.”

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Panattoni Spec Development secures tenant in Basildon

panattoelement on October 29, 2020

Panattoni starts third speculative logistics development on south coast this year

Panattoni, the largest developer in Europe, has agreed a 15-year lease with Swan Housing Association one of the UK’s leading modular home builders for its speculative development in Basildon. Swan will make the unit, named Basildon 117, its new headquarters in addition to its existing, adjacent factory.

Swan is a leading association and has provided high-quality, affordable homes to rent and buy since 1994. Today, it manages over 11,000 residential properties across Essex and East London and has 8,000 more secured in its development pipeline. The organisation aims to deliver an additional 10,000 homes by 2027. In 2020 Swan Housing was recognised to be in the Top 10 housing associations in the UK.

Swan will use the new warehouse, through its NU living development subsidiary, to manufacture light gauge steel modular housing and will operate Unit 117 alongside Swan’s existing Cross Laminated Timber volumetric system delivered in its existing factory. Through this expanded capacity, NU living will eventually be capable of delivering over 1,000 modular homes each year.

 Basildon 117 is strategically located in the heart of the Thames Gateway, a key industrial area in the south east, close to the M25 motorway.

James Watson, Development Director for Panattoni, said: “It’s hugely promising to see Swan occupying this development on a long-term basis to support the growth of their company. The scheme is the largest to have been delivered in Basildon for over 10 years and will now give the organisation the space it needs to deliver on its targets. We’re proud to support an essential service and delighted to welcome Swan as a Panattoni customer.”

Matthew Byrom, Managing Director for Panattoni, added: “The speed at which this building was let confirms our strategy to build speculatively. We’re delighted to grow the business’s footprint in the London region and will continue to look for similar opportunities.”

Geoff Pearce, Deputy Chief Executive of Swan HA said: “Panattoni’s new facility is a key strategic move which will allow Swan to expand its production and meet key long-term housing delivery targets not just for Swan but also for its strategic and local authority partners. This is vital in a time when, having somewhere to feel at home, has never been more important.  Basildon 117’s location opposite our existing factory, makes it an ideal location from which to continue to expand our offsite capability to include a steel framed approach and to increase the use of pre-manufacturing and componentisation.

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Construction Progressing as Steel Frame Complete at Panattoni’s Landmark Northern Site

panattoelement on October 27, 2020

Construction Progressing as Steel Frame Complete at Panattoni's Landmark Northern Site

Significant progress is being made at Panattoni’s Wakefield515 site, where steel is already up on the largest speculative development in the north for 10 years.

Caddick Construction, Panattoni’s build partner for the landmark Yorkshire project, is on site to progress the 512,850 sq ft warehouse. The steel framework is now fully formed and cladding being added.

The warehouse facility located at the M62 and A1(M) junction will serve as a key strategic hub for future occupiers, offering access to major cities and ports across the north of England. Manchester, Liverpool, Leeds and the port of Immingham are all within a 90-minute drive of the facility. Up to 500 full-time jobs and £5.5 million will be brought into the local economy as an immediate result of Wakefield515’s construction, due to be completed by the end of Q2 2021.

Wakefield515 is designed to offer maximum flexibility for logistics and distribution businesses. The cross-docked warehouse will provide occupiers with generous yards of up to 100m and will incorporate sustainable features, such as rainwater harvesting systems, a PV ready roof and LED motion sensor lighting. The building will be built to a BREEAM rating of ‘Very Good’ and EPC rating of ‘A’.

Andy Preston, Development Manager for the project, said: “We are pleased to see such good progress on this important development. Wakefield515 will not only meet demand for large warehouse facilities along the M62 corridor but also contribute to economic development in the north. Construction work will provide an immediate boost for the area but the building’s benefits will be felt long after this phase is complete. We look forward to seeing it take shape.”

Chris Wilson, Commercial Development Director at Caddick Construction, said: “It’s exciting to see construction now well underway in Wakefield in such challenging circumstances. Caddick is proud to be working with Panattoni on this landmark project that brings immediate job opportunities and real economic benefits to the region.”

To view progress please visit www.wakefield515.com or visit https://vimeo.com/panattoniuk

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Green Light for Panattoni in Slough

panattoelement on September 25, 2020

Green Light for Panattoni in Slough

Panattoni, the largest developer in Europe, has been granted permission to build up to 1,000 new homes and 769,996 sq ft of commercial floorspace at the former AkzoNobel site in Slough town centre.

The development, which will see £217 million invested during construction, will fulfil Slough Borough Council’s long-held aspiration to regenerate the partially vacant industrial plot. Commercial floorspace has been approved for general industrial use, storage, distribution and data centre purposes, while 25% of the homes are designated for affordable ownership.

Panattoni’s plan at the site, which was most recently used as a paint manufacturing facility, will include environmental remediation ahead of construction. This will not only ensure the scheme is safe for residents and employees but also limit the need to bring forward other local greenfield sites for development. Planning and development consultancy Turley is also working alongside Panattoni to deliver additional services at the scheme, including economics, development viability, landscape and VIA, EIA, strategic communications and sustainability services.

Once complete, the build will give Slough a commercial facility fit for 21st century business needs and stimulate economic growth by generating local employment opportunities. Close proximity to the town centre will minimise the need for travel, both by private car and public transport, providing residents and occupiers with immediate access to neighbouring services and facilities. Importantly, the development will help Slough Borough Council to meet its corporate policy objectives, including local housing targets.

Tony Watkins, Development Director for Panattoni, commented: “We are delighted to have been granted permission to build in Slough. We have worked closely with Slough Council on this proposal, which will bring opportunity and regeneration to an area that has been unused for some time. The inclusion of new homes will also provide much-needed accommodation in a sustainable location for people living and working in the town. We will now work closely with our delivery team and the local authority to move the project forward.”

Sara Dutfield, Director at Turley, said: ““The granting of this planning permission is great news for Slough. Panattoni’s proactive approach to working with the council has resulted in the delivery not only of replacement employment following the relocation of Akzo Nobel’s manufacturing activities, which is of paramount importance in the current economic climate, but also 1,000 new homes in an area where they are much needed. The environmental improvements, including the decontamination of the site, will be beneficial to both the site itself and to the wider area.”

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£180m redevelopment plans submitted for Aylesford Newsprint site

panattoelement on September 25, 2020

£180m redevelopment plans submitted for Aylesford Newsprint site

The prospect of more than 3,000 new jobs and significant local road improvements has moved an important step forward after the owners of the former Aylesford Newsprint site submitted a planning application for its redevelopment.

After consulting with the local community, Panattoni, Europe’s largest privately-owned industrial developer, has finalised its plans which include investing in a £6 million new link road connecting Bellingham Way and Station Road to enhance the local transport network.

The proposed link road to be completed before the industrial units, will improve the distribution of traffic at junctions 4 and 5 of the M20 and deliver an overall reduction in congestion.

A weight limit will also ensure that all HGVs entering and exiting the Aylesford Newsprint site – to be renamed Panattoni Park Aylesford – will travel along Bellingham Way to Junction 4 via Leybourne Way.

It is proposed that Bellingham Way will become a public highway and be adopted by Kent County Council, a move supported by Tonbridge & Malling Borough Council.

To further improve the local transport network, Panattoni is working with bus operator Arriva, and proposing to invest in connecting the existing route with Maidstone town centre via the site. A service, supported by Panattoni for five years until it becomes financially viable, will operate every 30 minutes, matching it with shift patterns and flexible working arrangements.

The team at Panattoni is also working closely with Tonbridge & Malling Borough Council and Kent County Council to ensure cycling to work at Panattoni Park is an attractive option. Electric bike stations are proposed subject to third-party agreement at Aylesford train station, the local superstore and Leybourne Lakes Country Park to help people get to and from work, and also promote wellbeing and fitness for staff.

The 90-acre brownfield site has been vacant since 2015 and the proposal is to invest £180m in the design and build of seven industrial buildings offering in the region of 177,000 sqm of new commercial floorspace, the new link road and landscaping.

Tony Watkins, Development Director at Panattoni, said: “When fully occupied in 2024 the site will deliver more than £162m per annum of economic value (Gross Value Added) to the Borough of Tonbridge & Malling, and Kent as a whole, by supporting 3,000 industrial, logistics, distribution and manufacturing jobs, and a further 2,560 indirect jobs.

“With one billion pounds of development projects across the UK we are working with many of the world’s leading companies. We are confident that Panattoni Park will meet these companies’ needs and also provide buildings to support the growth of local companies constrained by the lack of facilities.”

The Covid-19 pandemic has changed the way that many large multinational companies are now looking to operate.

Tony Watkins added: “We have seen a dramatic increase in companies looking for buildings that can simultaneously support their online as well as physical high street presence. Our proposals, consistent with Tonbridge & Malling Borough Council’s economic ambitions, come at the right time as the country considers how to restart, renew and build in economic resilience.

“We have consulted widely with the local community, writing to over 20,000 local homes asking residents to provide feedback. People could view the proposals online and our project website received over 10,000 views in just two weeks with over 150 residents providing comments on how best to improve the scheme.

“Our conversations with local stakeholders and organisations, such as Locate in Kent, have been positive. As a result we have refined our application including extending the bus route, improving offsite cycle and footpath connectivity, as well as protecting and enhancing the biodiversity following consultation.”

Consistent with Panattoni’s approach adopted at its other sites, the proposals include the use of Low or Zero Carbon technologies to reduce energy demand and associated CO2 emissions. The measures adopted – such as solar panels, air source heat pumps and LED lighting – will reduce energy consumption and associated CO2 emissions by at least 10 per cent.

Gavin Cleary, CEO at Locate in Kent, said: “It’s fantastic news for Kent to see Panattoni’s redevelopment plans for the Aylesford Newsprint site submitted. This shows a step in the right direction as many businesses in the county begin to rebuild and grow for the future.

“This project could make a significant impact in the region in terms of job creation and economic growth alongside travel and infrastructure enhancements. As we move forward for Kent, it is positive to see confidence in the region as an excellent investment and business location.”

If the planning application is approved by Tonbridge & Malling Borough Council, it is hoped that construction will begin in 2021, with first occupation expected spring 2022 and completion of the development by 2024.

To find out more about the proposals visit www.PanattoniParkAylesford.co.uk or www.TMBC.gov.uk and search for application reference: 20/01820/OAEA. Residents without internet access can call 0207 592 9592 to request more information.

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Panattoni Powers Ahead in Yorkshire

panattoelement on July 13, 2020

Panattoni Powers Ahead in Yorkshire

Panattoni, Europe’s largest industrial developer, has now broken ground on a new 515,000 sq. ft speculative development in Yorkshire. The development, Wakefield515, is in partnership with AEW and is set to be the largest speculative warehouse under construction in the North of the UK. Wakefield515 signifies one of the sectors’ largest commitments since the emergence of the Covid-19 Global Pandemic and re-enforces Panattoni’s continued appetite for the UK. The unit is anticipated to be ready for occupation in Q2 2021.

Wakefield515 is located adjacent to TK Maxx Regional Distribution Centre on the strategically important junction of the M62 and A1(M), providing direct access to major cities and ports such as Manchester, Liverpool, Leeds and Immingham. Panattoni will support up to 500 full-time jobs and introduce £5.5million into the local economy through employment alone as a result of the construction of Wakefield515 warehouse.

The new facility is built to offer maximum flexibility to any potential occupier, for industrial, logistics, distribution and manufacturing uses. The cross-docked warehouse will benefit from generous yards of up to 100m and will incorporate sustainable features including rainwater harvesting systems, use of energy efficient materials, PV ready roof and LED motion sensor lighting. The building will be built to a BREEAM rating of ‘Very Good’ and EPC rating of ‘A’.

Andy Preston, Development Manager at Panattoni, said: “There is a lack of supply of large warehouse facilities along the M62 corridor, and despite tougher economic conditions as a result of the on-going Pandemic, e-commerce remains strong and we believe that the new development of Wakefield515 will attract a high level of demand.” Cllr Darren Byford, Wakefield Council’s Cabinet Member for Economic Growth and Regeneration, said: “We are delighted that planning consent has been granted for Panattoni to begin this construction which will bring further employment and skilled roles to our district. Panattoni have a pedigree in securing investment from some excellent brands and I am looking forward to welcoming such employers to our district.

Wakefield515 is a great site with excellent access to the motorway network, perfect for attracting skilled workers from the local area. We welcome the investment into the area and look forward to seeing local workers benefit from future employment opportunities.” Mike Haigh of Dove Haigh Phillips based in Leeds said: “Speculative development of large distribution units in Yorkshire have been scarce over recent years while demand has taken-up all existing supply. The pipeline of new development remains thin so Wakefield515 will be a key addition to the Yorkshire market.”

Richard Harris from JLL commented “The logistics sector in the UK has bucked a lot of trends in recent years as demand, particularly from online retailers has remained high. The growth of online shopping has only accelerated during the COVID-19 crisis and is fuelling demand for flexible space in the right location. Yorkshire – and Wakefield515 – is perfectly positioned to offer access to key markets.”

Matthew Byrom, Managing Director at Panattoni commented “This project demonstrates Panattoni’s utmost confidence in the continued strength of the UK market and underscores our strategy of building speculatively in all key markets to capture the acceleration of e-commerce and the upsurge in movement into on-line retail by many of our customers.”

All enquiries regarding Panattoni’s new development Wakefield515 should be directed to the joint agents on the scheme; Dove Haigh Phillips and JLL.

Dove Haigh Phillips – Mike Haigh mike.haigh@dhp.org.uk
JLL – Rich Harris rich.harris@eu.jll.com

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