Panattoni has acquired two major new logistics sites in the East Midlands for an undisclosed price.
The first site, located to the west of Northampton, comprises approximately 80 acres and recently received hybrid planning consent at appeal for approximately 1m sq ft across three units of 223,269 sq ft, 361,724 sq ft and 412,073 sq ft.
Construction at the site, which is located five miles west of Junction 15A of the M1 at the A43/A5 interchange, is due to commence in H1 2026, with completion expected in H2 2028. The scheme has an estimated total investment cost of £152.9m.. The scheme has an estimated total investment cost of £152.9m.
The second site, in Worksop, Nottinghamshire, is located 1.25 miles from the A1 and 10 miles from Junction 31 of the M1. The 27-acre site benefits from outline planning consent for the development of a 462,000 sq ft unit, which is currently available for lease.
The fully serviced site will have an estimated total investment cost of £50.7m. Construction is scheduled to begin in H1 2026 with completion targeted in H1 2027.
Andrew Preston, head of development: North Midlands and Yorkshire at Panattoni, said: “This new site in Worksop is a rare opportunity to deliver a large-scale, best-in-class logistics unit in an area of proven occupier demand. The site’s strategic location and existing infrastructure make it ideal for fast-track delivery, and we’re excited to bring forward a highly sustainable development that responds to both market needs and our ESG commitments.”
Gregg Titley, head of development: East & West Midlands at Panattoni, added: “It’s great to expand our footprint again in Northampton, and it reinforces our long-term strategy of growing in key logistics corridors with chronic supply constraints. This is a truly prime site with exceptional transport links, and we are proud to be delivering a landmark scheme that will serve as a gateway logistics hub for the Midlands and beyond.”
