Northampton

Panattoni has fully let its 1.7 million sq ft logistics park in Northampton after signing lease agreements for the last two units with iForce and Hotel Chocolat.

E-fulfilment provider iForce has signed a 10-year lease for 376,915sq ft and Hotel Chocolat a 10-year lease for 429,107 sq ft.

The new lettings follow a deal with 4PX Express last November, which signed a 15-year lease for a 250,000sq ft facility, and the success of the first phase of 625,000sq ft, which was pre-let to Eddie Stobart Logistics.

All three buildings in the second phase were speculatively developed to a BREEAM rating of ‘Excellent’ and an EPC ‘A’ rating.

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Located at junction 16 of the M1, Panattoni Park Northampton is only 20 miles from the M6 and A14.

“Letting over one million square feet to three different companies in just five months reflects the importance of Northampton as a logistics location and the attraction of the park to occupiers," said Panattoni development director Oliver Bertram.

“We are experiencing high occupier demand for immediately available logistics space, which justifies our commitment to a major speculative development programme in the UK.”

Paul Thirkell, MD at iForce, said: “iForce is absolutely delighted to have secured a new facility at Panattoni Park Northampton, which will help to facilitate the significant growth the business is experiencing. The location is of strategic importance within our network and located next to three other Culina Group warehouses, creating significant synergies across the group companies.”

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