Eddie Stobart Logistics has taken on the entire first phase spec build programme at Panattoni Park in Northampton as a pre-let.
Panattoni is to develop three buildings for Eddie Stobart. “New contracts for our business have meant we require more high- quality space,” said Sebastien Desreumaux, chief executive contract, logistics and warehousing, including iForce. “Our occupation at Panattoni Park Northampton will allow our business to fulfil these contracts and to continue our UK wide network consolidation plan. The Park offers us high quality space in a strategic location on a campus setting. Eddie Stobart, iForce and The Pallet Network (TPN), occupy over 1.25m sq ft of warehousing space within 15 miles of Panattoni Park.”
And the “opportunity at Panattoni Park provides the unique position for the business and one which allows us to continue to service existing customers to further use our current workforce while operating from this high-quality development,” he added.
Panattoni are to submit reserved matters planning applications for the second phase of the Park, offering occupiers on the 3 remaining plots 260,000 sq ft to 800,000 sq ft.
Eddie Stobart profits will be at ‘lower end of expectations’