This autumn marks the commencement of construction on one of the largest speculative logistics sites in northern England.
- Panattoni, the developer, has acquired a 65-acre site on the Nottinghamshire/Yorkshire border.
- The Panattoni Central A1(M) project will include a 770,000 sq ft unit, with completion expected by September 2025.
- The site addresses the scarcity of XXL logistics units with a targeted focus on the ‘big box’ market.
- A £625 million loan facility will support Panattoni’s further expansion in the UK.
This autumn heralds a significant development as construction begins on one of the largest speculative logistics sites in the north of England, initiated by Panattoni, a key player in logistics real estate. The developer recently acquired a strategically located 65-acre site on the Nottinghamshire/Yorkshire border, secured with planning permissions for over 1.2 million sq ft of logistics space.
Phase one of the Panattoni Central A1(M) project is set to feature a cross-docked 770,000 sq ft logistics unit, anticipated for practical completion by September 2025. This contemporary facility will boast 18-metre high eaves, expansive 55-metre service yards, and provisions for electric vehicle charging for both vans and cars, not to mention 15% rooflight coverage to optimise natural light.
Moreover, the remaining 27-acre plot will be marketed for build-to-suit opportunities, aligning with the substantial demand for large-scale logistics units. It’s noteworthy that major distribution entities like Culina, B&Q, Butternut Box, and Daher Aerospace operate in proximity, highlighting the site’s strategic importance.
Dan Burn, Panattoni’s head of development, articulated that this acquisition is a prime opportunity to satisfy the growing demand for XXL logistics spaces, particularly when supply is markedly limited nationwide. Burn emphasised this venture as symbolic of Panattoni’s strategic foresight and ambition in the competitive logistics market.
Furthermore, Panattoni’s expansion is further enabled by securing a substantial £625 million development loan facility, earmarked to bolster its speculative development ventures across the UK, thereby addressing the critical shortage of warehousing space, particularly noted along the M23 corridor.
This project represents a pivotal expansion in logistics infrastructure, addressing critical market shortages.
