Panattoni has let a 885,000 sq ft warehouse at Panattoni Park Avonmouth to logistics provider GXO Logistics.
The Grade A unit, which was delivered on a speculative basis, forms part of the first phase of Panattoni Park Avonmouth.
The building has achieved BREEAM Excellent and EPC A ratings and was delivered to net zero carbon standards in construction.
James Watson, head of development – Southern England and London at Panattoni UK, said: “It is great for Panattoni to deliver another letting to GXO. This milestone letting to GXO underscores both the scale of Panattoni’s ambition and the depth of occupier demand for prime, sustainable logistics space in core UK markets. Avonmouth continues to emerge as a critical location for national distribution, and we are pleased to have delivered a building of this scale and quality on a speculative basis, in alignment with the needs of global operators.”
Gavin Williams, managing director, UK and Ireland at GXO Logistics, added: “We’re delighted to announce that we’ve leased our new Avonmouth facility, the biggest logistics distribution centre in the South West. Our vast expertise working with multinational retailers has meant that we can fit out and manage a site of this scale. We’re excited to get the operation up and running, and proud to be creating so many new jobs across the south west of England and south Wales.”
Panattoni was advised by Colliers, DTRE, JLL and Savills. GXO was advised by JLL.
