Panattoni has secured planning consent for a speculative 80,000 sq ft last-mile logistics development near Heathrow Airport.
The company purchased the site on Horton Road near junction 14 of the M25 in Q1 this year and intends to commence speculative development in January 2024.
Panattoni Poyle 80 is a net zero carbon development that will be built to BREEAM Excellent standard and have an EPC A rating. Completion is expected in Q3 2024.
Alex Mitchell, development manager, South East and London, at Panattoni, said: “Panattoni Poyle 80 is a rare ultra-urban, last-mile opportunity, providing immediate access to the UK’s largest cargo terminal at Heathrow Airport, and is one of very few opportunities available in this market. The development of Panattoni Poyle 80 reaffirms our ongoing commitment to our speculative development programme and the broader logistics sector, which continues to benefit from strong occupier demand for well-located, high-quality assets with enhanced sustainability credentials. We have been encouraged by early interest and look forward to starting this development next year.”
Stephen Vickers, commercial delivery director at Panattoni, added: “We are pleased to be moving forward on the delivery of the new site, with planning now secured to deliver a sustainable facility for occupiers. Panattoni has reviewed the supply chain to make sure we are reducing our carbon output and delivering a net zero carbon development in construction. The facility will deliver a highly sustainable scheme to an excellent specification in a desired prime location.”
DTRE and ACRE Capital Real Estate are agents Panattoni Poyle 80.
