Panattoni, the largest logistics developer in the UK and continental Europe, has closed a £625m (€741m) development loan facility to support its strategic growth in the UK. The finance is coming from three institutional-grade lenders, including pension funds and insurance groups.

The facility will enable Panattoni to put into production a new wave of speculative warehousing, where it is targeting areas of undersupply. In 2024, Panattoni acquired several new sites, adding a further 2m sqft of industrial space to its current speculative-build programme of 3m sqft.

The facility was arranged by JP Morgan with a syndicate of lenders and is extendable for up to five years.

Matthew Byrom, managing director at Panattoni, said: “This new £625m facility allows us to continue our ambitious growth plans for the UK and to support our partners in building best-in-class assets. We are keen to grow our pipeline of buy and build development and we are seeing an unprecedented number of compelling opportunities in which we’d like to invest”.

Oliver Choppin, finance director at Panattoni, added: “Our decision to pursue a flexible revolving credit facility gives us the ability to access capital quickly and allows us the agility to close on new investments without complication. We are appreciative of the support provided by the lending groups involved, particularly at this challenging time.”

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Prior to joining IPE in June 2022, Lauren worked as editor, real-time analysis at the Wall Street Journal and as a senior financial journalist at a variety of UK nationals including The Sunday Telegraph and the Mail on Sunday. Lauren has always had a passion for business journalism and the built environment, having graduated in Urban Estate Management, before taking an English degree at the University of London. Away from the office, she's preparing for a marathon-length hike in aid of The Alzheimer's Society.View full Profile

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