Parcel delivery firm DPD has signed a pre-lease agreement with logistics real estate developer Panattoni for a 58,000sq ft facility at the Panattoni Park Sittingbourne development in Kent.

Subject to planning approval, Panattoni expects to start construction of the facility, which is part of the second phase of the park, in the fourth quarter of this year and complete it in the third quarter of 2025. Panattoni is targeting a BREEAM sustainability rating of ‘Excellent’ and an EPC rating of ‘A’ .

Panattoni is already under construction with the 645,000sq ft first phase of development at the park, involving two units of 440,000sq ft (S440) and 205,000sq ft (S205). Completion of these two units is expected in March 2025.

Panattoni said that, while there is already significant interest in these units, both remain available for tenants.

All units at the net zero carbon park are being developed with enhanced sustainability measures within the base specification, including the installation of roof-mounted solar panels and electric vehicle charging points. The park has 5MVa of power available with a further 1.35MVa generated from the solar panels.

Panattoni is investing £170m in the development of the park, which is strategically positioned between London and Dover, four miles north of junction 5 of the M2.

Alex Mitchell, Panattoni development manager, South East and London, said: “This pre-let to DPD demonstrates the strong demand for high-quality, sustainable industrial space in the South East. We are excited to begin construction later this year and deliver a state-of-the-art facility that meets DPD’s operational needs while also aligning with our sustainability goals.”

Agents at Panattoni Park Sittingbourne are Savills, Avison Young and CBRE. DPD was advised by SBH.

 

 

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