Industrial developer Panattoni is set to start work on the second phase of its 1.6 million sq ft industrial park in Northampton.
Panattoni Park Northampton, which is on junction 16 of the M1 motorway, will see three new units built measuring 250,000 sq ft, 380,000 sq ft and 430,000 sq ft, respectively.
The second phase of development at the Park comes after Panattoni speculatively developed and let 625,000 sq ft of space to Eddie Stobart Logistics at the site.
Winvic Construction has begun work on the three new spec units. The units will be developed over two phases, the first phase will see the 250,000 sq ft and 430,000 sq ft units built. Work on the 380,000 sq ft will start later this year.
All three units will be built to 15m clear internal height and benefit from 50m yards.
The completed buildings will be built to a BREEAM rating of 'Excellent' and have an 'A+' EPC rating.
Local services have also been improved on site as part of the development, with the Red Lion Truck Stop parking area being expanded to accommodate more vehicles, as well as an HGV filling station being added to the existing set of pumps.
The section 278 road that leads to the truck stop and main development has also been improved to give better access to the motorway.
Panattoni said that, once fully occupied, the development could support over 1,000 jobs.
Oliver Bertram, Panattoni development director, said: “We're delighted to be continuing the development of 1 million sq ft in Northampton, after only recently completing the three units for Eddie Stobart.
“This shows that Panattoni has the confidence to deliver speculatively, knowing that the market needs more space.
“This park gives businesses an ideal base to serve key markets across the UK, with direct access to the country's major motorways.
“Market interest remains high in this area and we are committed to providing the right spaces for businesses to expand their operations. The new units at Panattoni Park Northampton will do just that.”
Panattoni MD Matthew Byrom added: “This next phase of development in Northampton demonstrates the success of our high-level business strategy in the UK and the speed and scale at which we work.
“There are limited opportunities in the UK that will deliver a 1 million sq ft spec option and it’s an important build for industry as a whole and one that we anticipate will soon be let quickly.”
