Panattoni supersizes with largest ever speculative logistics development in the North of England

Panattoni, the largest logistics real estate developer in the UK and Europe, has acquired a prime 65-acre site on the Nottinghamshire/Yorkshire border with planning consent for over 1.2 million sq ft.

The two phase development, called Panattoni Central A1(M), by junction 34 of the A1(M), has been acquired from Mulberry Developments in an off-market deal. Panattoni will commence construction of what will be the largest-ever speculative logistics unit in the North of England, a building of 770,000 sqft, in the autumn.  Practical completion is expected in September 2025.

Panattoni is targeting net zero carbon development, an EPC rating of ‘A’ and BREEAM ‘Outstanding’ sustainability rating – its second development in the UK with an ‘Outstanding’ rating this year. The cross-docked unit will benefit from 18m eaves, 55m service yards, EV van and car charging and 15% rooflights.  Winvic Construction has been appointed as the contractor.

The remaining 27-acre plot, which already benefits from reserved matters planning consent for a 461,000 sq ft building will initially be marketed on a build-to-suit basis.  

Panattoni 770 Central A1(M) is in a strategic location with easy access to local and national distribution routes, including the A1(M), M1 and M62 as well as the east coast ports.  Major distribution occupiers in the immediate vicinity include Culina, B&Q, Butternut Box and Daher Aerospace.

Panattoni remains focused on the big box market, where there is a scarcity of supply and strong demand for units of 400,000 sq ft and above.

Dan Burn, Head of Development North West & Yorkshire at Panattoni, said: “This is a fantastic opportunity for us to acquire a prime logistics site in an established location by the A1(M). The development provides us with the opportunity to capitalise on the dearth of supply of XXL units across the country.

Panattoni was advised by Cushman & Wakefield and Mulberry Developments was advised by M1 Agency.  

For more information please visit https://panattoni.co.uk/our-properties/central-a1m/

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Imogen works within the marketing team at Panattoni as a marketing executive. Imogen helps create corporate materials for Panattoni in the UK and collaborates with the rest of the marketing team to implement new strategies and campaigns. Imogen has a degree in Business Management and has over two years of experience in digital marketing; including graphic design and video production.

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Jack is a Director in the UK Capital Markets team, focusing on the capitalisation and transaction management of projects throughout the UK and helping originate and structure capital solutions. Jack joined Panattoni following 12 years’ industry experience – initially in investment agency before transitioning to a transactions role focused on pan-European debt and equity funding solutions. Jack is a qualified member of the Royal Institute of Chartered Surveyors.

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David McGougan

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Nick is an Executive Director, Capital Markets Europe and is Head of the UK Capital Markets team, with responsibilities for the capitalisation of projects across the UK and Europe. With his role in capital formation for the Group, Nick is an integral part of the Global Capital Markets network and works closely with Panattoni’s international operating platform helping originate and structure capital solutions, and manage global and Pan-European investor relationships.

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Oliver is Head of National Development for Panattoni in the UK and is responsible for the national transactional platform in the UK. Oliver is recognised within the sector as a market specialist and is known for his personable approach to business and has earned a reputation for his commitment to customer service. Oliver has completed a number of significant industrial and logistics development projects across the UK.

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The wind farm saves an average of 12,831 tonnes of CO2 each year. In its remaining 15 years of life it is expected to save another 201,000 tonnes of CO2.

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The Marks & Spencer distribution centre also has a solar wall that allows the building to passively regulate its own internal temperature, and the enabling work included 92,000 tonnes of concrete broken out and recycled on site.

These measures earned the building a carbon neutral certificate and BREEAM ‘Excellent’ accreditation.