New wave of UK spec warehousing for Panattoni 

By Liza Helps Property Editor Logistics Matters

THE FACILITY will support Panattoni’s UK strategic capacity to put into production a new wave of speculative warehousing, where it is currently targeting areas of under supply.

In 2024 Panattoni acquired several new sites, adding a further 2 million ft2 of industrial space, which is in addition to its current spec-build program, where it is committed to the build out of 3 million ft2.

Panattoni Finance Director Oliver Choppin, said “Our decision to pursue a flexible revolving credit facility provides 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.” 

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

Earlier this month Panattoni secured £54 million loan from the South Yorkshire Pension Fund Authority for the development of a 770,000 ft2 warehouse at Panattoni Park Central A1(M) Yorkshire

The building aims to achieve high environmental standards, targeting BREEAM Outstanding certification, EPC A+ for offices, and EPC A for the warehouse, with a commitment to net zero carbon in construction

It has also just completed the speculative development of a last-mile, net zero carbon logistics development in Poyle, Heathrow. Panattoni Poyle 80 was built to a BREEAM Excellent and an EPC A rating. It has a 50m service yard, five dock and two level access doors, 12.5m clear internal height, and 37 car parking spaces with 20% EV charging provision. 

Letting agents at Panattoni Poyle 80 are DTRE and ACRE Capital Real Estate.