Panattoni said it is submitting a planning application for a 128,000 sq ft unit in Kent after acquiring an additional 10 acres at its net zero logistics park, G Park Sittingbourne.
The real estate developer said construction of this second phase of development is expected to start in the fourth quarter of this year, with completion due in the third quarter of 2025.
Panattoni is already under construction with the 645,000 sq ft first phase of development at the park, comprising two units of 440,000 sq ft and 205,000 sq ft. Completion of these two units is expected in March 2025.
All the units are being developed with enhanced sustainability measures, including the installation of roof-mounted photovoltaic panelling and electric vehicle charging points.
The development has access to national and international transport routes, with the port of Dover less than an hour away and connectivity to the M2, M20 and M25 motorways. Major occupiers in the area include Morrisons, Amazon, Evri and DHL.
Tony Watkins, head of development for the South East and London at Panattoni, said: “This expansion of our site at Sittingbourne reflects the attractiveness of the location, which is suffering from an acute supply-demand imbalance.
“It is part of our strategy to acquire land in undersupplied markets in London and the south east that offers value-add opportunities.”
