Developer Panattoni is to speculatively develop a 515,000sq ft warehouse in Derby, with construction beginning this month.
The Derby 515 warehouse, at 514,193sq ft, it is set to be one of the largest single-unit speculative developments under construction in the country, ahead of the Panattoni Wakefield development of 512,850sq ft, the company said this week.
The building is part of Panattoni’s 900,000 sq ft development at Derby Commercial Park, on Raynesway, two miles east of the city. It is already home to the speculatively built Derby 370 unit, which has recently been let to Alloga UK on a 15-year lease term.
Derby 515 is expected to complete at the end of 2021, potentially creating around 500 jobs.
The building will have 15m clear internal height, 56 dock doors and 8 level access doors, as well as parking for 185 trailers. It will be built to BREEAM ‘Very Good’ and EPC ‘A’ ratings.
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Derby 515 is designed with a flexible envelope to accommodate a cross-split option, allowing the building to be sub-divided down its length for two occupiers. The cross-split will form two self-contained units of 226,497sq ft and 287,416sq ft. Each would have 28 dock doors, four level access doors, a secure self-contained yard, a car park and own gatehouse.
Andy Preston, development manager for Panattoni Derby 515 said: “The new warehouse will be built to our normal high specifications offering flexibility and energy cost savings to occupiers. This will be one of the largest single-unit spec builds in the country and will benefit from being in one of the UK’s centres for advanced manufacturing and logistics.”
Derby Commercial Park is 11 miles from East Midlands Airport and well situated for East Midlands Maritime, DIRFT and Hams Hall rail freight terminals and ports from Liverpool in the North West, Felixstowe on the East coast, London Gateway and Southampton.
Occupiers also have access to a large workforce experienced in logistics and transport services, with almost 140,000 people living within a 15-minute drive of the site, the company added.
