Panattoni, the largest developer in Europe, has completed the purchase of a development on the M3 corridor near to Farnborough, south east of London.
Panattoni Farnborough 170 is the latest addition to the developer’s portfolio, having recently announced its commitment to three million sq ft of speculative builds in the UK this year.
The prime positioning of this 8.33 acre site, which will accommodate a building of 168,241 sq ft within an established logistics location (previously the Benthalls Warehouse), means it will offer the occupier a rare opportunity for those looking to serve Europe’s largest consumer market.
Panattoni Farnborough 170 is strategically located to the south east of London and is adjacent to J4 of the M3 at Farnborough. Just a 15 minutes’ drive to J12 of the M25, it has 15.6 million consumers within a 90-minute drive time. More than 60% of the UK is accessible within a 4.5 hours HGV drive time. It also sits within the top tier of locations, allowing delivery companies to reach millions of customers the same day.
Demolition of the old Benthalls unit is due to take place this month, with the building ready in Q3 of 2021. Completed the facility could generate over 170 employment opportunities.