Specialist industrial and logistics developer Panattoni, is to speculatively develop a 515,000 sq ft warehouse in Derby.
The developer is due to start the construction of the 514,193 sq ft building at its Derby Commerical Park scheme, this month. It is set to be one of the largest single-unit speculative developments under construction in the country, ahead of the Panattoni Wakefield development of 512,850 sq ft.
The building is part of Panattoni’s 900,000 sq ft development at Derby Commercial Park, on Raynesway, two miles east of the city. It is already home to the speculatively built Derby 370 unit, which has recently been let to Alloga UK on a 15-year lease term.
Derby 515 is expected to complete Q4 2021, with the potential for circa 500 jobs to be created.
The building will have 15m clear internal height, 56 dock and eight level access doors, as well as parking for 185 trailers. It will be built to BREEAM ‘Very Good’ and EPC ‘A’ ratings.
Panattoni has also announced a new design to their portfolio that enables the buildings to be split to accommodate two operations. Derby 515 has been designed with a flexible envelope to accommodate a cross-split option, allowing the building to be sub-divided down its length for two occupiers. The cross-split will form two self-contained units of 226,497 sq ft and 287,416 sq ft. Each would have 28 dock and four level access doors, a secure self-contained yard, a car park and own gatehouse.
Letting agents are Avison Young, CBRE and Burbage Realty.