Logistics developer Panattoni has secured consent for a speculative 80,000 sq ft last-mile logistics development close to Heathrow.
Work on Panattoni Poyle 80 will begin with in January. Panattoni plans to build the scheme to a net zero standard with a BREEAM sustainability rating of Excellent and an EPC rating of A’
Completion is expected in the third quarter of 2024.
The building is being developed on a site on Horton Road near Junction 14 of the M25. Poyle is one of Greater London’s most established logistics locations, offering direct access to the M25 and close proximity to Heathrow Airport’s passenger and cargo terminals.
Panattoni Poyle 80 is one of three sites in the South East that Panattoni has acquired this year for a combined £350m.
Alex Mitchell, development manager, South East and London, at Panattoni, said: “Panattoni Poyle 80 is a rare ultra-urban, last-mile opportunity, providing immediate access to the UK’s largest cargo terminal at Heathrow Airport, and is one of very few opportunities available in this market.
“The development of Panattoni Poyle 80 reaffirms our ongoing commitment to our speculative development programme and the broader logistics sector, which continues to benefit from strong occupier demand for well-located, high-quality assets with enhanced sustainability credentials. We have been encouraged by early interest and look forward to starting this development next year.”
DTRE and Acre Capital Real Estate are agents on the scheme.
To send feedback, e-mail samantha.mcclary@eg.co.uk or tweet @samanthamcclary or @EGPropertyNews
