Logistics real estate developer Panattoni has started construction of its 710,000 ft2 speculative logistics development in Rotherham.
Panattoni Park Rotherham comprises two facilities adjacent to junction 1 of the M18 motorway at Rotherham, one of 630,000ft2, which will be one of the largest-ever speculative logistics buildings in the north of England, and a smaller 80,000ft2 facility.
The 40-acre site occupies a prime position within the in-demand M1-M18 triangle, close to the important east-west axis of the M62, the large markets of Leeds and Manchester, plus the ports of Liverpool, Hull and Immingham.
Buckingham Group Contracting has been appointed main contractor and is now on site, starting earthworks for the development. The two speculative developments are expected to complete in the third quarter of 2023.
The buildings benefit from a range of sustainable credentials, such as EV van and car charging points, 15% roof lights, PV-ready frame, a BREEAM rating of ‘Very Good’ and an EPC rating of ‘A’.
Dan Burn, Head of Development for the North West and Yorkshire at Panattoni, said: “The development has already seen substantial interest from occupiers, especially with the lack of supply of Grade-A space in the region.”
Letting agents are M1 Agency, Legat Owen and Knight Frank.