Panattoni leases speculatively developed 515,000 sq ft logistics unit to JD Sports
Panattoni, the largest industrial real estate developer in Europe, has signed a lease agreement with JD Sports, the sports fashion retailer, for a 514,193 sq ft speculatively developed facility at Derby.
JD Sports has signed a 20-year lease for the facility, Derby 515, which is one of the largest single-unit speculative developments under construction in the UK.
With a BREEAM sustainability rating of ‘Very Good’ and an EPC rating of ‘A’, Derby 515 will have a 15m clear internal height, 56 dock doors and eight-level access doors, as well as parking for 185 trailers. It is expected to be completed in the fourth quarter of this year.
The building is part of Panattoni’s 900,000 sq ft development at Derby Commercial Park on Raynesway, two miles east of the city. The second unit at the park is Derby 370, which was let at the beginning of this year to Alloga UK on a 15-year lease term.
Derby Commercial Park is 11 miles from East Midlands Airport, the UK’s largest cargo airport, and within easy HGV reach of East Midlands Maritime, DIRFT and Hams Hall rail freight terminals and ports from Liverpool in the north west, Felixstowe on the east coast, London Gateway and Southampton.
Andy Preston, Development Director at Panattoni, said: “This letting reflects the strength of demand from occupiers for immediately available space and the location of the facility, which has excellent transport links and a very large, suitably skilled workforce in one of the UK’s centres for advanced logistics”.
Letting agents are Avison Young, CBRE and Burbage Realty. CBRE acted for JD Sports.