Panattoni pushes Brighton last mile warehouse scheme
Developer Panattoni has begun speculatively developing a 268,063 ft2 last-mile logistics development at Brighton, which it acquired in an off market deal with Kennedy Wilson last year.
By Liza Helps, Property Editor Logistics Matters
The 12-acre Panattoni Park Brighton scheme will comprise seven units, ranging from 19,834 to 55,632 ft2, built to BREEAM Excellent and EPC A rating.
They will benefit from 7 – 10m eaves, 15% roof lights and EV charging for vans and cars. The development is scheduled for completion in the second quarter of 2024.
This is the third development for Panattoni this year south of London, joining a 452,469 ft2 last-mile development at Burgess Hill and a 200,000 ft2 development in Crawley. This reflects Panattoni’s confidence in the strength of the south coast logistics market, where the demand-supply imbalance is acute.
David McGougan, development director at Panattoni, said: “This development presents a very rare industrial and logistics opportunity. Panattoni Park Brighton is the ideal location for last-mile delivery operations looking to address consumer markets clustering the south coast. We look forward to bring forward these speculate units earlier next year.
“Brighton and Hove is predicted to become one of the UK’s top 10 fastest-growing economies by the end of 2023”.
DTRE represented Kennedy Wilson on the sale. Agents for Panattoni Park Brighton are DTRE, Savills and SHW.
