Panattoni is set to start work on the second phase of its 1.6 million sq ft industrial park in Northampton with the development of three further units totalling more than 1 million sq ft
This next phase sees the development of a 250,000 sq ft, a 380,000 sq ft and a 430,000 sq ft, at the park. The first phase saw Panattoni successfully speculatively develop and let 625,000 sq ft of space to Eddie Stobart Logistics.
Winvic Construction has begun construction on the three new spec units, which 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 which will commence later in 2021.
All three units will be built to 15m clear internal height and benefit from 50m yards. They will be built to a BREEAM rating of ‘Excellent’ and have an ‘A+’ EPC rating.
Panattoni Park Northampton is located close to Junction 16 of the M1 motorway,
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.
Matthew Byrom, Managing Director at Panattoni, added: “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.”