Panattoni is developing two speculative warehouses at Luton – one of 345,000 sq ft and one of 69,000 sq ft.
The units, Luton 345 and Luton 69, being developed at Panattoni Park Luton, which is adjacent to the junction 11A of the M1, which provides access to the A5 north of Dunstable.
James Watson, development director of Panattoni UK, said: “We are dedicated to providing only the best quality buildings in the best locations and Panattoni Park Luton fulfils these ambitions.
“We expect to attract occupiers looking for a close connection to London, the Midlands and international markets – given the proximity of London Luton airport and easy HGV drive times to leading UK ports.”
Panattoni Park Luton will be ready for occupation in the fourth quarter of 2019.
Agents for the scheme are Savills and M1 Agency.