Million ft2 industrial and logistics park for Kent
Busy industrial and logistics developer Panattoni has bought a 70-acre site in Kent to develop a million ft2 plus industrial and logistics scheme.
By Liza Helps, Property Editor, Logistics Matters
THE SITE was previously home to plumbing manufacturer Aliaxis and other industrial tenants and has direct access to the A20, M20 (Junctions 8 and 9), and M25, enabling fast distribution across the South East, London, and Europe through the nearby ports of Dover, London Gateway, and Medway.
Panattoni plans to speculatively develop over 1 million sq ft of industrial dn wareksoue space on the site which it is calling Panattoni Park Maidstone. The development will target BREEAM Excellent and EPC A+ ratings with net zero construction standards. Occupiers will be able to customise unit sizes and layouts ahead of planning submission, offering flexibility rarely available in the South East.
Panattoni’s head of development south east and London Tony Watkins said: “Panattoni has a strong track record of delivering large-scale, sustainable industrial projects across Kent, including Panattoni Park Aylesford, Sittingbourne, and Wrotham. This acquisition further strengthens Panattoni’s role in delivering strategic logistics infrastructure across the UK.”
Aliaxis moved its warehouse from Lenham to Rhenus Logistics in Corby, Northamptonshire, earlier this year.
The transaction marks an important milestone in Aliaxis’ ongoing program to streamline operations and reinforce its financial position.
Aliaxis Managing Director, Thierry Vanlancker said: “This transaction underscores our commitment to financial discipline and contributes towards our goal to deleverage.
“By converting non-core assets into cash, we are reinforcing our financial resilience, safeguarding flexibility, and unlocking resources to invest in our core business.”
Vail Williams advised Aliaxis.
