Developer First Panattoni to build 714,000 sq ft warehouse scheme in Nottinghamshire

Nottinghamshire's position at the heart of the regional and national supply chains across the UK's major industries has been enhanced with the announcement of new speculative building by First Panattoni near junction 26 of the M1.

As part of its continued commitment to undertaking over three million sq. ft. of speculative development during 2018, the company has broken ground on Panattoni Park Nottingham, where it will be speculatively building three warehouses totalling 714,000 sq. ft. 

The first two units (of 89,000 sq. ft. and 75,400 sq. ft. respectively) will be available for occupation in October, with the third and largest unit aimed at the major regional and national distribution market being a 550,000 sq. ft. cross docked unit which is due for completion in Q1 2019.

Panattoni Park Nottingham will bring a much-welcomed economy boost to Broxtowe Borough Council and this site is ideally situated on the main A610 trunk road with easy access to Nottingham and Derby and the M1.

First Panattoni development director Simon Jenkins and John Proctor of FHP Property Consultants were joined by Nottingham county councillor and chairman of Broxtowe Borough Council’s jobs and economy committee Tony Harper, as well as the borough’s mayor Hallmah Khaled, at the groundbreaking.

Both councillors are highly supportive of the works being undertaken and the significant impact that a development on this scale with have in relation to jobs within the local area.

Councillor Tony Harper stated: “We are delighted that work has now begun on site. Panattoni Park Nottingham will bring a much-welcomed economy boost to Broxtowe Borough Council and this site is ideally situated on the main A610  trunk road with easy access to Nottingham and Derby and the M1. We wish the developers every success in this landmark development.” 

Located just seven minutes from Junction 26 of the M1, Panattoni Park Nottingham is well placed to offer end users access to both a skilled and experienced workforce and the ability to reach all of England’s major population centres within a 4.5 hr HGV drive time.

Simon Jenkins, Development Director at First Panattoni, commented: “We have been involved with this site for some time and are extremely pleased to have secured it as one of the first First Panattoni developments to come forward.

"Broxtowe have always been very supportive of our plans for Panattoni Park Nottingham and the hundreds of job opportunities it will create for the local area." 

FHP Property Consultants will be acting as one of the agents working for First Panattoni on this development.

John Proctor, Director of FHP, said: “This scheme is highly significant both within a local, regional and national context. In distribution terms the East Midlands has traditionally focused its distribution activity around Northampton and the M1/M6 triangle. Increasingly occupiers are seeking a location which is highly accessible with available labor at cost effective rates.

"Panattoni have identified that this park ticks all of the boxes and to have this scale and nature of scheme built in advance of occupiers being identified is a fantastic testament to the faith in the location that Panattoni are showing."  
 
Discussing the influence this site will have in further increasing the area’s appeal for business investment, Lorraine Baggs, Head of Investment at Invest in Nottingham, said: “It’s great to see new high-quality employment space being built in Nottinghamshire and Panattoni Park Nottingham further enhances our offer to businesses looking to expand and relocate into the area.

"Logistics is an important sector and with increasing exports and e-commerce driving demand for space it’s fantastic to see First Panattoni building speculative space to meet that demand.”