Largest speculative development in NW for decade destined for Bolton

Logistics North

The largest speculative industrial development in the North West is to built near Bolton.

First Panattoni has joined with Exeter Property Group to tee up a 375,000sq ft warehouse– 375 Logistics North.

It is to be built next to 360 Logistics North, which has already been leased to Amazon which is believed to have been sold to Aviva Investors Global Services for £44.2m.

According to CoStar News, Savills and JLL went to market with the latest development several days ago.

First Panattoni is the result of a merger between Panattoni Europe and First Industrial in September.

It coincided an announcement that it had raised a first phase capital facility of £300m to spend on new land purchases and speculative development in the UK.

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