Royal London Asset Management has leased the refurbished 72,176 sq ft Pasadena Distribution Centre in Hayes, West London, to Panalux.
The EPC A+ rated unit benefits from new LED lighting, 10 dock level loading doors, six level loading doors, solar electricity panels, 10 electric car charging points and all-electric heated/cooled Grade A offices.
Panalux has taken a long-term lease on the unit and will relocate upon completion of the refurbishment programme early next year.
Daniel Shepherd, investment manager at Royal London Asset Management, said: “Panalux’s long term commitment to Pasadena Distribution Centre, Hayes, is a testament to the quality of the building and location, delivering best in class environmental credentials as well as key operational benefits of the location.”
Mark Furssedonn, managing director of Panalux, added: “After an extensive search, it was clear that this location ticks all the boxes for our operations and our customers while aligning with our focus on sustainable practices. The site is conveniently positioned within West London’s motion-picture production corridor, and it provides the space to house our complete London operations at a single location, with room to grow in the future.”
Melinda Cross, head of UK industrial and logistics at JLL, who led negotiations on behalf of Royal London Asset Management said: “It is great to see a key West London occupier such as Panalux expanding and committing long term to operating out of a sustainable facility citing environmental credentials of the refurbishment as one of the key reasons for relocating.”
