Crawley midbox scheme start for Panattoni
Real estate developer Panattoni, has begun speculatively developing its 200,000 ft2 logistics park in Crawley after securing planning permission last year.
By Liza Helps Property Editor Logistics Matters
THE SCHEME is part of Panattoni’s mid-box logistics development drive in the south east will comprise two units of 134,012 ft2 and 65,660 ft2, which could be combined.
Both units will be built to a BREEAM ‘Excellent’ and an EPC A rating and will incorporate enhanced sustainability measures, including roof-mounted solar panels, rainwater harvesting, electric vehicle charging points and 15% roof lights.
Crawley was highlighted in Potter Space and Savills’ report “Big Things in Small Boxes” last year as having 166% supressed demand – the percentage gap between the amount of small to midbox space being provided and actual demand from occupiers.
Panattoni Park Crawley is the fifth current mid-box development for Panattoni in the south east, joining Poyle (80,000 sq ft), Burgess Hill (452,469 sq ft), Brighton (268,063 sq ft) and Basingstoke (117,050 sq ft).
David McGougan, Development Director at Panattoni, said: “This development is in line with our strategy to speculatively develop in undersupplied markets, and Crawley provides occupiers with an excellent base to service London and south east markets.
“The outlook for the mid-box market is positive, with good levels of occupier interest, driven by their flight to quality and the desire to move out of older redundant stock and into modern and efficient space”.
Agents at Panattoni Park Crawley are JLL, Savills and Hollis Hockley.
