Industrial real-estate developer, Panattoni, has secured the first pre-let agreement at its 1.9 million ft2 Panattoni Park Aylesford development in Kent on the 90-acre former Aylesford Newsprint site.
The 110,406ft2 facility has been let on a 15-year lease to DHL. The property boasts 12 dock and six-level access doors as well a 50m yard. It is expected to be complete in July 2022
In August this year, Panattoni completed the highly complex acquisition out of administration of the site. This enabled Panattoni to take forward the development of 1.9 million ft2 of high-quality logistics space close to junction 4 of the M20 to serve London and the south east.
Panattoni Park Aylesford is a £180m investment in high-quality, sustainable logistics development, infrastructure, parking, landscaping and access, including the new £7 million Bellingham Way link road.
“Aylesford will be one of our largest logistics sites serving London and the Channel ports,” said Anthony Watkins, Development Director at Panattoni. “When we acquired the site, we knew it would be enormously attractive to the logistics industry. The response from leading players has been fantastic, and the pre-let to DHL reflects that.”
The agents for the site are CBRE, Avison Young and JLL.