Panattoni, the largest industrial real estate developer in Europe, wants to develop a massive speculative logistics facility in South Yorkshire.
The development, called Panattoni Doncaster 420, will be a 417,570 sq ft facility at GatewayEast, Doncaster Sheffield Airport. Panattoni has acquired the 18.4-acre site, which has outline planning consent, from Peel Land and Property.
Panattoni Doncaster 420 is within six minutes of rail facilities at iPort, while the seaports of Immingham and Hull are both approximately 50 miles from the site.
The developer expects to start construction later this year, with the intention of delivering the facility in summer 2023.
It is part of Panattoni’s commitment to a significant speculative development programme in the UK in 2022 in response to strong demand from occupiers for immediately available space.
Dan Burn, development director at the company, said: “This well-located site with direct access to local, regional and global markets is a superb addition to our speculative development programme.
“South Yorkshire is rapidly forging a reputation as one of the UK’s prime distribution locations. Record take-up across Yorkshire in 2021 has resulted in the supply of units over 100,000 sq ft dipping to the lowest level ever seen.”
Chris Dungworth, Head of Business Doncaster added, "the news that Panattoni has committed to developing this site speculatively further demonstrates the confidence within Doncaster right now.
"GatewayEast is one of our major development sites that is going from strength to strength and we very much welcome the developer’s plans and look forward to working together in the coming months, contributing to helping create significant job opportunities for our communities."
Burbage Realty acted for Panattoni.
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