Panattoni has begun developing a speculative, 80,000 sq ft last-mile logistics scheme near Heathrow Airport.
Panattoni Poyle 80, a net zero carbon development, aiming for BREEAM sustainability Excellent and EPC A, is expected to complete in the third quarter of 2024. The developer bought the site, close to J14 of the M25, in 2023, one of a number acquired across the South East last year for a combined £350 million.
Alex Mitchell, development manager, South East and London, for Panattoni, said: “We are pleased to start construction at Panattoni Poyle 80, a rare ultra-urban, last-mile opportunity with immediate access to the UK’s largest cargo terminal at Heathrow Airport.
“Early interest in the development demonstrates strong occupier demand for the highest quality logistics space in well-connected locations. We are looking forward to completing the development of Panattoni Poyle 80 later this year as we continue to execute our speculative development programme.”
Agents are DTRE and ACRE Capital Real Estate.
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