Logistics developers with activities in Europe have announced progress with major UK projects.
Panattoni, which bills itself as the ‘world’s largest speculative logistics developer’ has begun developing the £80 mln (€93 mln) Panattoni Park Luton consisting of two units, one of 345,000 sq ft and one of 69,000 sq ft.
The scheme should be ready to be occupied in Q4 this year. James Watson, development director of Panattoni UK, said the firm expected 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.
Separately, pan-European logistics specialist Verdion has let 67,912 m2 of iPort logistics hub in Doncaster to a major online retailer, whose name it is trying to keep under wraps. However, it is heavily tipped to be Amazon. The online US retail giant already occupies a 1.1 m sq ft building at phase 1 of the scheme as well as a smaller building. CEVA, Fellows and Lidl are also tenants.
John Clements, European development director at Verdion, said: ‘iPort is already the UK’s most advanced multimodal logistics hub and it’s now shaping up to become the most successful. This latest letting reinforces both Doncaster’s position as an e-commerce location of truly national importance and our commitment to successfully delivering high specification logistics space on a very large scale.’
