Panattoni Park Nottingham now fully let
Panattoni, Europe’s largest industrial developer, has leased all three commercial units at its 55-acre park in Nottingham. Panattoni Park Nottingham totals 715,000 sq ft and has direct access to the M1 motorway at junction 26, which will be a key logistics hub for some of the UK’s largest businesses looking to better serve the Midlands and north of England.
The Park consists of three separate commercial units that were built in one phase with development financing for the project provided by LBBW. The largest building, a cross-docked distribution unit totalling 551,031 sq ft, has been let to a global ecommerce retailer. This is the largest letting of a new speculative development in the Midlands this year. The park also contains two other warehouses – at 89,073 sq ft and 75,402 sq ft – which have been taken by Food Innovations, a UK-based manufacturer of home baking products, and logistics specialist Hermes.
Situated in Eastwood on the A610, Panattoni Park Nottingham will offer its occupiers quick access to major road networks connecting central and northern parts of the UK. This strategically advantageous location not only gives HGVs access to nearly 40 million people within four hours’ drive – just over 60% of the UK’s population – but also a straightforward commute for on-site employees.
Simon Jenkins, Development Director at Panattoni, said: We are excited to welcome all new tenants to Panattoni Park Nottingham and have the park fully let. The scheme offers its occupiers versatile space with excellent transport links. Developments like these are essential for the continued growth the UK’s economy, offering strategic support for businesses and employment opportunities for those living nearby.”
Matthew Byrom, Managing Director of Panattoni, added: “Projects like this typify Panattoni’s commitment to the UK market and its ability to meet the needs of businesses across the country. Prior to purchase the land had lacked purpose, having been left unused for some time, but our vision has now breathed new life into the area and secured long-term investment.”
Ashley Walker, Director of Planning & Hubs at Hermes UK, commented: “This site will be key for our expanding operations across the whole of the UK in line with our ambitious growth plans, in response to consumer demand. Panattoni have partnered with us to provide a site that will help us deliver a better service for all of our clients and their customers.”