Panattoni has fully let its 335,430 sq ft logistics park in Borehamwood after signing lease agreements for the last three units with one of Europe’s largest television and film production companies.
It has leased 300,000 sq ft at Panattoni Park Borehamwood in three units, two of which are already built and available for occupation and one of which is due for completion this month.
Its move to Panattoni Park Borehamwood returns the site to its film production roots. Although prior to Panattoni’s acquisition the site was a Sainsbury's frozen food depot, from 1944 to 1970, it was owned by MGM and produced films such as Where Eagles Dare, 2001: A Space Odyssey and The Dirty Dozen.
The company will be the first occupier from the film sector for Panattoni, which is a leading player in the e-commerce, 3PL and manufacturing sectors.
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Panattoni Park Borehamwood is part of Panattoni’s commitment to a major speculative development programme in the UK. It is located on a 17-acre brownfield site inside the M25, less than a mile from the A1 and two miles from junction 23 of the M25.
All four units have been built to a BREEAM rating of ‘Very Good’ and an EPC rating of ‘A’ with many sustainable features such as EV van and car charging points, 15% roof lights, LED lights and rain water harvesting systems.
Tony Watkins, development director at Panattoni, said: “Letting the space to a film production company is a first for us and reflects the breadth of occupier demand. There was strong competition for the space from other occupiers, which justifies the quality of the location and the fact the Park is now fully let before practical completion."
Panattoni was advised by JLL, the tenant by Cushman & Wakefield and UK Power Networks by Lambert Smith Hampton.