Real estate developer Panattoni has announced that it has signed a pre-lease agreement with parcel delivery company DPD for a 58,000ft² logistics facility at Panattoni Park Sittingbourne in Kent.
Panattoni expects to start construction of the facility in Q4 2024 – subject to planning approval – with completion scheduled for Q3 2025. It is targeting BREEAM ‘Excellent’ certification and an EPC ‘A’ rating.
The delivery of this facility will be part of the second phase of development at Panattoni Park Sittingbourne. The first phase will see the delivery of two units measuring at 440,000ft² and 205,000ft², respectively.
Construction is already underway on these units, set for completion in March 2025. Both remain available, although Panattoni claims that there is “already significant interest in these units”.
The developer notes that ‘all units are being developed with enhanced sustainability measures within the base specification, including the installation of roof-mounted solar panels and electric vehicle charging points’.
Panattoni is investing £170 million in the development of the park. Agents at Panattoni Park Sittingbourne are Savills, Avison Young and CBRE.
DPD was advised on this deal by SBH.
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