Parcel delivery firm DPD has agreed a prelet at Panattoni Park Sittingbourne in Kent.
The 58,000 sq ft net zero carbon facility is yet to receive planning permission. It forms a part of the second phase of development of the park, which is expected to complete in the third quarter of next year.
Panattoni is investing £170m in the construction of the park, which sits between London and Dover, four miles north of junction five of the M2. The developer is currently bringing forward the 645,000 sq ft first phase, comprising two buildings. Completion of these two facilities is expected in March 2025.
Alex Mitchell, development manager for South East and London at Panattoni, said: “This prelet to DPD demonstrates the strong demand for high-quality, sustainable industrial space in the South East. We are excited to begin construction later this year and deliver a facility that meets DPD’s operational needs while also aligning with our sustainability goals.”
The agents at Panattoni Park Sittingbourne are Savills, Avison Young and CBRE. DPD was advised by SBH.
Image © Panattoni
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