Panattoni has acquired an additional plot at Horizon 120 Business Park in Braintree, Essex.
The newly acquired 10-acre site will form the next phase of Panattoni Park Braintree, to be known as Panattoni Park Braintree 2.0.
The new phase will deliver an additional 164,000ft² across six units, all built speculatively in response to sustained occupier demand in the South East of England.
With an estimated Gross Development Value of £50m, the purchase follows 12 months after the launch of the initial phase, which comprises four units, one of which is already under construction.
The area provides direct access to the A120 and A131, linking to the M11 and M25 motorways, and benefits from mainline rail services to London Liverpool Street and a strong local and regional workforce.
Full detailed planning consent has already been secured, enabling construction to commence in late 2025, with practical completion expected in late 2026.
Panattoni, head of development – Southern England & London, James Watson, said: “This acquisition represents an important next step in our long-term commitment to Braintree and the wider Essex logistics market.
“The area remains significantly undersupplied, particularly for occupiers seeking high-quality, sustainable accommodation within close proximity of Stansted Airport and the M25.
“Panattoni Park Braintree 2.0 will enable us to deliver additional capacity to meet that demand, continuing the successful rollout of our speculative development strategy.”
