Industrial real estate developer Panattoni is working up plans for a 202,200 sq ft speculative, last-mile logistics development in Crawley.
The development, called Panattoni Park Crawley, will be located in the industrial area of Manor Royal Business District on a 10-acre brownfield site on Fleming Way, which Panattoni has just acquired from Aberdeen Standard Investments.
Panattoni is aiming to submit an outline planning application in the fourth quarter of this year, with a view to beginning demolition and construction in the first half of 2022 and completing in the first quarter of 2023. The developer is planning to pre-let the space, which could either be one unit of 202,200 sq ft or two units.
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The development is part of Panattoni’s major UK speculative development programme in 2021, which it launched in response to rising demand on the back of the e-commerce boom. The company has acquired or progressed nearly 10 million sq ft of developments in the south of England since the onset of the Covid-19 pandemic in March 2020.
Panattoni Park Crawley is located close to London Gatwick Airport and covers an area of 540 acres. The industrial area is already home to more than 600 businesses generating 30,000 jobs.
Tony Watkins, Panattoni development director, said: “This is a rare opportunity to acquire such a well-located site, as land in the south east for building a logistics facility of this scale is very scarce. This is a great site for accessing London.”
The letting agents are JLL and Savills.
