Property giant to open its first office in the North West
One of the largest privately owned developers in the world is to open its first office in Manchester.
First Panattoni is to open an office in the city headed up by Daniel Burn.
Established in 1986 and headquartered in California, Panattoni has delivered buildings to over 2,500 customers.
In the last two years, the European division alone has completed over 30 million sq. ft of warehousing facilities.
The firm has appointed senior property specialist Daniel Burn to head up the office.
He brings over 18 years of transactional experience in both an agency and development capacity to the business.
The company intends to develop speculatively logistics warehousing in buildings of up to 1,000,000 sq ft across the Northern markets and along the M6, M62 and M1 corridor.
Earlier this year Panattoni broke ground on its latest 235,000 sq. ft speculative build project in Crewe.
Following the merger with First Industrial last year, Panattoni has established itself as the largest speculative developer in the country and has allocated £525 million for new UK land purchases in 2018/19.
Across the UK, First Panattoni is currently underway with over 3,500,000 sq. ft of development and is actively acquiring additional premium sites.
Matthew Byrom, managing director at First Panattoni, said: “The rapid growth of e-commerce, and the on-going structural changes in the retail sector, have provided an unprecedented opportunity for growth.
“Last quarter, we saw the highest take-up of new build warehousing in the UK since records began and we see the supply-starved North West and Yorkshire market as key targets for our business.”
Daniel Burn, who has previously held senior positions at King Sturge, JLL and DB Symmetry, said: “First Panattoni has quickly established a market leading position in the Midlands and South with its bold and ambitious approach to speculative development.
“When offered the opportunity to replicate this in the North, I didn’t hesitate to accept.”
First Panattoni confirmed it would be making further significant announcements over the coming months.
