Panattoni has begun speculatively developing Panattoni Poyle 80, an 80,000ft2 last-mile logistics development in the Heathrow area, after purchasing the site in the first quarter of 2023.
Panattoni Poyle 80 is a net zero carbon development that will be built to a BREEAM sustainability rating of ‘Excellent’ and an EPC rating of ‘A.’ Completion is expected in the third quarter of 2024.
Panattoni Poyle 80 is strategically located on Horton Road near Junction 14 of the M25. It offers direct access to the M25 and close proximity to Heathrow Airport’s passenger and cargo terminals. Furthermore, it is located alongside convenient last-mile connectivity with Europe’s largest consumer market, London.
Panattoni Poyle 80 is one of the sites in the South East that Panattoni acquired in 2023 for a combined £350m, all of which provide value-added development opportunities in core markets where Panattoni can drive rental growth.
Alex Mitchell, development manager, South East and London, at Panattoni, said: “We are pleased to start construction at Panattoni Poyle 80, a rare ultra-urban, last-mile opportunity with immediate access to the UK’s largest cargo terminal at Heathrow Airport”
Joint agents at Panattoni Poyle 80 are DTRE and ACRE Capital Real Estate.
