Panattoni sign off large-scale spec development of 1 million sq ft in Northampton
This second phase of development at the Park comes after we successfully spec developed and let 625,000 sq ft of space to Eddie Stobart Logistics. The new units will be developed over two phases, 250,000 sq ft and 480,000 sq ft to start on site in December 2020, followed at a later date by 380,000 sq ft. The consented buildings will have 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’, long regarded as UK’s most strategically important location for distribution. Located at J16 of the M1, 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 EPC ‘A’ 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 an HGV filling station being added to the existing set of pumps. The road leading to the truck stop and main development has also been improved to give better access to the motorway.
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 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 very few developers who are able to 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 be let quickly.”
A spokesperson for Northamptonshire County Council, said: “This new development will boost the Northamptonshire’s economy, not only providing by jobs but also encouraging businesses to move to the area. We are pleased to be working alongside a business that has a vision for our community and will offer support to ensure the units are let quickly. The benefits of this development will be clear and last long after construction has been completed.”