Demolition underway at Panattoni Park Borehamwood
Panattoni, Europe’s largest developer of logistics facilities, is now on-site at Borehamwood in London. The super prime 17 acre industrial site was unconditionally acquired from Sainsbury’s in 2018, after a keenly contested bidding process, which set new record land prices for the North London Industrial Market.
Panattoni plans to speculatively develop a number of high quality industrial / logistics units ranging from 35,000 sq. ft to 130,000 sq. ft, although the site is capable of accommodating a single building of up to 335,000 sq. ft.
Tony Watkins, Development Director at Panattoni comments “…Borehamwood being only 12 miles north of Central London and 2.5 miles from the M25, represents a rare opportunity for occupiers to service a number of key affluent catchments and will likely appeal to the fast growth urban logistics market.” The first phase of buildings will be available for occupation in Q4 2020.
Matthew Byrom, Panattoni’s UK Managing Director said “…we’ve seen strong rental growth in many of the prime London sub-markets, which has underpinned our London Logistics Strategy to buy the very best sites and move on rents to match demand”.