Panattoni starts on site at 106,000 sq ft speculative logistics park in Reading
Panattoni, the world’s largest privately owned industrial real estate developer, has started construction on site at Panattoni Park Reading, a speculative logistics development providing up to 106,453 sq ft of Grade A warehouse space at Junction 12 of the M4. Practical completion is targeted for Q1 2027.
The scheme comprises two units, R50 at 50,329 sq ft and R56 at 56,124 sq ft which can also be combined to provide a single facility of 106,453 sq ft. Situated directly on the M4, the development places more than 65% of the UK’s population within a 4.5-hour drive, and there are over 1.22 million people within a 30-minute commute of the site.
Panattoni Park Reading has been designed to the highest specification, with a 1 MVA secured grid connection, 10-metre clear internal height, 50-metre yard depths and floor loading of up to 50 kN/m². Each unit will target BREEAM ‘Outstanding’ and EPC ‘A’ ratings and will include roof-mounted solar photovoltaic panels delivering an estimated £50,000 of annual electrical savings, alongside rainwater harvesting, electric vehicle charging infrastructure and cycle parking.
The development addresses a significant and sustained imbalance between supply and demand in the Thames Valley logistics market, where vacancy rates remain among the lowest in the UK. By developing speculatively, Panattoni is ensuring that space is available to meet occupier requirements without delay along one of the country’s most strategically important distribution corridors.
Will Fennell, Development Manager, South East and London at Panattoni, said:
“The Thames Valley is one of the most under-supplied logistics markets in the UK, and occupiers looking for high-quality, well-connected space in this corridor have had very limited options. We are starting on site speculatively because we have strong conviction in this location and in the depth of demand along the M4. The scheme is built to the specification that modern occupiers require in terms of power, sustainability credentials, yard depth and transport connectivity, and it will be ready to welcome occupiers for early next year.”
The scheme will also deliver meaningful local benefits, including the creation of approximately 150 jobs, a new public footpath connecting Theale High Street to Hoad Way, and significant landscaping to integrate the development with the surrounding community.
Savills, Hatch Real Estate and Lambert Smith Hampton have been appointed as leasing agents.
For further information, visit www.panattoni.co.uk/reading.