Panattoni secures letting of speculative warehouse facility to Alloga UK
Panattoni, Europe’s largest developer of logistic facilities, has leased one of its speculatively developed warehouses to Alloga UK.
Panattoni has secured the specialist healthcare logistics company to lease its 370,942 sq ft speculative warehouse and distribution centre on Derby Commercial Park.
Alloga UK will use the Derby 370 unit as a further storage and distribution facility in line with its company strategy for growth and continued investment for the future. Fit-out is set to be completed by mid 2021.
Leasing Derby 370 will mean that Alloga, a specialist provider of supply chain solutions for healthcare manufacturers, will occupy in total 1.78million sq ft of warehouse space.
Andrew Preston, Development Manager at Panattoni said: “We are delighted to have secured a letting to Alloga UK, which is further proof of the continued occupational demand for well-located, speculatively built warehousing.
“We believe this facility will serve them well as it is located in one of the UK’s most advantageous transport locations and will help them achieve their long-term growth strategy,” he said.
Chris Williams, Managing Director of Alloga UK added: “It is always fantastic news when we open new premises, and Derby 370 is particularly exciting because it is our first warehouse which is not located in South Normanton. It gives us the opportunity to expand the capabilities of our business, and further increase job opportunities for existing staff and also new skilled and talented staff from the Derby area.
“Our capabilities and service offering for our customers, and manufacturer partners, will continue to evolve with this considerable investment, which will also further enhance our ability to provide innovative solutions and services to meet the ever-changing needs of our clients,” he said.
Panattoni will be starting on-site in Q1 2021 at the adjacent site on Derby Commercial Park, speculatively developing 515,000 sq ft at Derby 515.
CBRE, Burbage Realty and Avison Young acted as joint agents on the scheme. JLL acted for Alloga UK.