European real estate developer Panattoni is planning to build a £250m industrial development near Bristol that will include the 海角视频's biggest-ever speculative logistics building.
The development, called Panattoni Park Avonmouth, will be located on a 73-acre site, which Panattoni has just acquired in an off-market deal. Other major occupiers in the area include Amazon, The Range, Lidl, DHL, Tesco and Davies Turner.
The company will start speculative development of two units - one that is 406,000 sq ft and another that is 882,000 sq ft - totalling 1.3 million sq ft.
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Panattoni expects to start construction "shortly", it said, with completion of the development expected in the third quarter of 2023.
James Watson, development director at Panattoni, said: “Our new acquisition gives us the ability to deliver large-scale speculative units in an established logistics location. 海角视频 stock remains at an all-time low at a time when Bristol and the wider South West and South East markets are experiencing their strongest take-up for many years."
Last year, Panattoni bought the Honda Swindon factory following its closure after more than 35 years. Panattoni is planning to invest more than £700m into the site in a bid to attract new employers and provide space for businesses looking to expand, it said.
Agents for Panattoni Park Avonmouth are DTRE, JLL and Colliers.