Panattoni has acquired an additional development plot at Horizon 120 Business Park in Braintree, Essex.
The newly acquired 10-acre site will form the next phase of development at Panattoni Park Braintree, to be known as Panattoni Park Braintree 2.0.
The new £50m GDV phase will deliver an additional 164,000 sq ft across six units, all built speculatively. Full detailed planning consent has already been secured, enabling construction to commence in late 2025 with practical completion expected in late 2026.
James Watson, head of development – Southern England and London at Panattoni, said: “This acquisition represents an important next step in our long-term commitment to Braintree and the wider Essex logistics market. The area remains significantly undersupplied, particularly for occupiers seeking high quality, sustainable accommodation within close proximity of Stansted Airport and the M25. Panattoni Park Braintree 2.0 will enable us to deliver additional capacity to meet that demand, continuing the successful rollout of our speculative development strategy.”
Panattoni has appointed CBRE and Coke Gearing as leasing agents for the development.
