Panattoni has secured planning consent for a 710,000sq ft speculative logistics development in Rotherham.
Rotherham Metropolitan Borough Council has approved a reserved matters planning application for two facilities adjacent to junction 1 of the M18 at Rotherham, one of 630,000sq ft, which will be one of the largest-ever speculative logistics buildings in the north of England, and a smaller 80,000sq ft facility.
The 40-acre Panattoni Park Rotherham occupies a prime position within the in-demand M1-M18 triangle, close to the important east-west axis of the M62, the large markets of Leeds and Manchester, plus the ports of Liverpool, Hull and Immingham.
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Panattoni will commence speculative development of the two units in August, with completion expected in July 2023. They will be built to a BREEAM sustainability rating of ‘Very Good’ and an EPC rating of ‘A’.
Dan Burn, development director at Panattoni, said: “This nationally significant development reaffirms our commitment to a significant speculative development programme in the UK this year and we are very pleased to now be able to progress with the delivery of the scheme.
“We would like to thank Rotherham Metropolitan Borough Council for the proactive way in which they have helped to facilitate the development and we look forward to working with them over the coming months as construction progresses.”
Letting agents are M1 Agency, Legat Owen and Knight Frank. Lichfields advised Panattoni on the planning application.