Logistics real estate developer Panattoni is planning a major £250m speculative logistics development, in Avonmouth, Bristol.
The company claims the site will include the UK’s largest ever speculative logistics building, in Avonmouth, Bristol.
The development, called Panattoni Park Avonmouth, will be located on a prime, 73-acre site, Central Park, which Panattoni said it has recently acquired in an off-market deal.
Panattoni will commence speculative development of 1.3 million sq ft of consented space in two units of 406,000sq ft and 882,000sq ft, which it says will be the UK’s largest-ever single speculative logistics building.
Panattoni is set to start construction shortly and aims to complete the development in the third quarter of 2023.
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Panattoni Park Avonmouth is close to the M32, M48, M49, M4 and M5 motorways. Major occupiers in the area include Amazon, The Range, Lidl, DHL, Tesco and Davies Turner
James Watson, Panattoni development director, said: “Our new acquisition gives us the ability to deliver large-scale speculative units in an established logistics location.
“UK stock remains at an all-time low at a time when Bristol and the wider south-west and south-east markets are experiencing their strongest take-up for many years."
Agents for Panattoni Park Avonmouth are DTRE, JLL and Colliers.
