All three speculative warehouse units at Panattoni Park in Nottingham let12 Nov 2020
The long term letting creates a prime high value distribution park offering strategic support for the local economy.
Avison Young have jointly advised Panattoni on the successful letting of all three speculative warehouse units at Panattoni Park, Nottingham.
Panattoni Park totals 715,000 sq ft. The largest warehouse, a cross-docked 15 m eaves distribution unit totalling 551,031 sq ft, has been let to a global ecommerce retailer, which marks the largest letting of a new speculative development in the Midlands this year. The two other warehouses have been let to Hermes Parcels comprising 75,402 sq ft and 89,073 sq ft let to Food Innovations, a UK based manufacturer of home baking products.
Robert Rae, Principal at Avison Young said: “Avison Young are delighted with the successful long term letting of all three units which has created a prime high value distribution park”.
Simon Jenkins, development director at Panattoni, said: “We are excited to welcome all new tenants to Panattoni Park Nottingham and have the park fully let. The scheme offers its occupiers versatile space with excellent transport links. Developments like these are essential for the continued growth of the UK’s economy, offering strategic support for businesses and employment opportunities for those living nearby.”