Panattoni is drawing up plans for a speculative 80,000 sq ft logistics scheme near Heathrow Airport.
The net zero carbon development, to be called Panattoni Poyle 80, is close to J14 of the M25.
The developer bought the 3.2-acre brownfield site from CBRE Investment Management and expects to submit a planning application during Q2, 2023 and reach practical completion a year later.
The building will have solar panels on the roof and Panattoni is aiming for BREEAM sustainability rating of Excellent and an EPC rating of A.
Tony Watkins, head of development for Panattoni, said: “This is a rare opportunity to acquire a prime logistics site near Heathrow Airport, which will provide direct access to London. It will also drive forward our ESG agenda for occupiers who are looking to upgrade and future proof their facilities.
“We will continue to selectively purchase key development sites that offer value-add opportunities within core markets in London and the South East, where we can generate rental growth.”
Panattoni was advised by DTRE and CBRE Investment Management was advised by ACRE Capital Real Estate.
© Thames Tap (powered by ukpropertyforums.com).
Sign up to receive our weekly free journal, The Forum here.