Panattoni, the world’s largest privately owned industrial real estate developer, announces the successful letting of an 885,000 sq ft logistics facility at Panattoni Park Avonmouth to GXO Logistics, the world’s largest pure-play contract logistics provider, and an existing global client of Panattoni’s.
The transaction represents the UK’s largest logistics letting of 2025 to date and establishes a new benchmark for the speculative development market. The Grade-A facility, delivered on a speculative basis, forms part of the first phase of Panattoni Park Avonmouth – a major logistics and distribution campus strategically located with direct access to the M4 and M5 motorway corridors, and in close proximity to the Port of Bristol.
The facility, which is now fully committed to GXO, will serve as a cornerstone asset within the occupier’s UK network and reinforces Avonmouth’s status as a premier national logistics hub.
The building has achieved BREEAM ‘Excellent’ and EPC A ratings and was delivered to Net Zero Carbon standards in construction. These sustainability credentials, coupled with scale, infrastructure and multimodal accessibility, reflect Panattoni’s ongoing commitment to best-in-class development and long-term market resilience.
James Watson, Head of Development – Southern England & London at Panattoni UK, commented:
“It is great for Panattoni to deliver another letting to GXO. This milestone letting to GXO underscores both the scale of Panattoni’s ambition and the depth of occupier demand for prime, sustainable logistics space in core UK markets. Avonmouth continues to emerge as a critical location for national distribution, and we are pleased to have delivered a building of this scale and quality on a speculative basis, in alignment with the needs of global operators.”
Gavin Williams, Managing Director, UK & Ireland at GXO Logistics, added:
“We’re delighted to announce that we’ve leased our new Avonmouth facility, the biggest logistics distribution centre in the Southwest,” said Gavin Williams, Managing Director of GXO UK & Ireland. “Our vast expertise working with multinational retailers has meant that we can fit out and manage a site of this scale. We’re excited to get the operation up and running, and proud to be creating so many new jobs across the southwest of England and south Wales.”
Panattoni was advised by Colliers, DTRE, JLL and Savills. GXO were advised by JLL Tenant Representative Team.