The firm has acquired a 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.
-- Advertisement --
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 was advised by Cushman & Wakefield and Mulberry Developments was advised by M1 Agency.
