Panattoni committing to over 280,000 sq ft of spec at new Park in the North
Panattoni, the largest industrial developer in Europe, has now broken ground on a new 360,000 sq ft logistics scheme in Bolton and has already secured its first pre-let to Hermes, one of the UK’s largest consumer delivery companies.
The 21.7 acre brownfield site, to be known as Panattoni Park Bolton, is situated off Great Bank Road on the popular Wingates Industrial Estate, a four-minute drive from Junction 6 of the M61 and seven miles from the M61 / M62 interchange.
TSL Projects have already begun work on the site which will include an 80,000 sq ft bespoke parcel delivery warehouse for Hermes UK and the speculative development of a single distribution unit of 280,698 sq ft, which will benefit from 15-metre eaves, two generous yards and a range of sustainable features. The building will be built to a BREEAM rating of ‘Very Good’ and an EPC rating of ‘A’. Both units will be completed by June 2021, allowing Hermes to be fully operational well ahead of the traditional Christmas peak.
Dan Burn, Panattoni Development Director said: “We are delighted to be working with Hermes on its new flagship depot in the region as well as bringing forward such an exciting new speculative opportunity, which is the only development of its size and scale currently under construction in Greater Manchester. 2020 was a record year for the logistics sector and we are confident that with a paucity of supply across the North West and with very limited speculative development coming forward, the scheme will be perfectly positioned to capitalise on this demand.
Carl Lyon, Chief Operating Officer at Hermes, said: “This new site represents another key growth milestone for us, and the size and scale of our new Bolton depot will enable us to continue to process record levels of parcels for our clients, both large and small. More importantly, we’re very pleased to be able to create additional jobs in the region at this time.”
DTRE, Savills and Knight Frank are the retained letting agents on the scheme. LSH acted for Hermes Parcelnet.
For more information, visit www.panattoni.co.uk/bolton/