One of the largest ever speculative logistics buildings in the north of England has been snapped up by CV parts distributor Alliance Automotive Group (AAG) from real estate developer Panattoni.
The pre-lease agreement means AAG will occupy a 630,000sq ft facility on the Panattoni park in Rotherham.
Construction has just begun with completion expected in August 2023.
The 40-acre Panattoni Park is located next to junction 1 of the M18 and the developer said it bridges the last mile to the 1.4m consumers of the Sheffield city region.
AAG MD Steve Richardson said: “We’ve experienced significant growth since acquiring [automotive parts distributor] FPS in 2016 and this investment not only allows us to consolidate our three existing facilities in Sheffield, but also forms part of our wider programme to strengthen our distribution infrastructure to ensure we are prepared for future growth.”