Developer begins work on 575,000 sq ft logistics park

Developer Panattoni has begun speculatively developing a 575,000 sq ft logistics park at junction 28 of the M1.

Panattoni Park J28 Central M1 will comprise two units of 345,000 sq ft and 230,000 sq ft, which are expected to be completed in the fourth quarter of this year and will be built to a BREEAM rating of ‘Very Good’ and an EPC rating of ‘A’.

Buckingham Group Contracting has been appointed main contractor on site.

Andy Preston, development director at Panattoni, said: “This is a key logistics location in the UK, as 71% of the UK can be reached within a 4.5-hour HGV journey. The park can serve as a centre for same day e-fulfilment operations or as a national and regional distribution hub.

“We are excited to be bringing forward Grade-A buildings in a supply-starved market and we are already having conversations with potential occupiers, struggling to find suitable existing buildings.”

Letting agents are FHP and CBRE.