Real estate developer Panattoni has been given the green light for an 80,000 sq ft logistics development near Heathrow after it bought the plot earlier this year.

Speculative development of ‘Panattoni Poyle 80’ is now due to commence in January for a net zero carbon site built to a BREEAM sustainability rating of ‘excellent’ and an EPC rating of ‘A’. Completion is expected in the third quarter of 2024.

Panattoni Poyle 80 is located near junction 14 of the M25 at one of Greater London’s most established logistics locations.

Alex Mitchell, Panattoni development manager, said: “Panattoni Poyle 80 is a rare ultra-urban, last-mile opportunity, providing immediate access to the UK’s largest cargo terminal at Heathrow Airport and is one of very few opportunities available in this market.

“The development of Panattoni Poyle 80 reaffirms our ongoing commitment to our speculative development programme and the broader logistics sector, which continues to benefit from strong occupier demand for well-located, high-quality assets with enhanced sustainability credentials.”

 

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