900 jobs to be created as 31-acre site changes hands
Panattoni, the largest developer in Europe, has bought a key 31-acre site at J28 of the M1.
Panattoni Park J28 Central M1 is the latest addition to the developer’s portfolio, having recently announced its commitment to 3m sq ft of speculative builds in the UK this year.
The site will be home to two warehouses, a 345,000 sq ft and 230,000 sq ft unit, which are set to be completed in Q4, 2022.
Local occupiers include Amazon, XPO, Alloga UK, Co-op and Eurocell. Alloga UK is a specialist provider of supply chain solutions for healthcare manufactures and already occupies six warehouses near Panattoni’s new site.
Both buildings at Panattoni Park J28 will be built to a BREEAM rating of ‘Very Good’, an EPC rating of ‘A’ and have 15m clear internal height and 50m yards. Unit 1 will total 343,185 sq ft, while Unit 2 will have 231,068 sq ft of warehouse space. Both will include office and hub spaces.
Work is expected to start at the site in Q1, 2022, with over 900 jobs created.
Andy Preston, development manager at Panattoni said: “We are delighted to announce this acquisition in this established location, which is positioned on the A38 trunk route just a three minutes’ drive to J28 of the M1.
“We are seeing strong demand for Grade A accommodation across the whole of the Midlands currently, and see Panattoni Park J28 as a perfect fit within our expanding portfolio, which currently includes sites at Derby, Nottingham and EMDC,” he added.
FHP Property Consultants has been appointed as agent on the scheme.
