1,000 jobs take a step closer as second phase of 1.6m sq ft scheme kicks off
Developer Panattoni is set to start work on the second phase of its 1.6m sq ft industrial park in Northampton.
Panattoni Park Northampton is already the home to three former Panattoni buildings and will see further units delivered at 250,000 sq ft, 380,000 sq ft and 430,000 sq ft, totalling over another 1m sq ft at the park.
The second phase of development at the Park comes after Panattoni developed and let 625,000 sq ft of space to Eddie Stobart Logistics.
Winvic Construction has begun construction on the three new spec units will be developed over two phases; the first being units 250,000 sq ft and 430,000 sq ft with steels emerging in the coming weeks. Finally, the 380,000 sq ft will start later in 2021.
Once fully occupied, the development could support over 1,000 jobs.
Oliver Bertram, development director at Panattoni, said: “We’re delighted to be continuing the development of 1 million sq ft in Northampton, after only recently completing the three units for Eddie Stobart. This shows that Panattoni has the confidence to deliver speculatively, knowing that the market needs more space.
“This park gives businesses an ideal base to serve key markets across the UK, with direct access to the country’s major motorways. Market interest remains high in this area and we are committed to providing the right spaces for businesses to expand their operations. The new units at Panattoni Park Northampton will do just that.”
Matthew Byrom, managing director at Panattoni, added: “This next phase of development in Northampton demonstrates the success of our high-level business strategy in the UK and the speed and scale at which we work. There are limited opportunities in the UK that will deliver a 1 million sq ft spec option and it’s an important build for industry as a whole and one that we anticipate will soon be let quickly.”
Danny Nelson, director of Winvic Construction, said: “Panattoni Park in Northampton is a scheme that is dear to us. Not only is it close to our head office, we’ve also been on site since 2018, shaping the space with civils and infrastructure works and we then successfully constructed three units simultaneously for Phase 1.
“We’re pleased that Panattoni has selected us to deliver more industrial warehouses and that they know Phase 2 is in a safe pair of hands. The challenge is now ours to surpass their expectations once again.”