Panattoni lets more than 800,000ft2 in Northampton

Logistics real estate developer Panattoni has let the final two units totalling more than 800,000ft2 at its 1.7 million ft2 Panattoni Park Northampton scheme in the East Midlands

iForce has signed a 10-year lease for a 376,915ft2 facility while Hotel Chocolat has signed a 10-year lease for a 429,107ft2 facility.

These two lettings follow that to 4PX Express, the global logistics company, which signed a 15-year lease for a 250,000ft2 facility in November last year, and the first phase of 625,000ft2, which was pre-let to Eddie Stobart Logistics.

All three buildings in the second phase were speculatively developed to a BREEAM rating of ‘Excellent’ and an EPC ‘A’ rating.

Oliver Bertram, Development Director at Panattoni, said: “Letting over one million ft2 to three different companies in just five months reflects the importance of Northampton as a logistics location and the attraction of the park to occupiers.

“We are experiencing high occupier demand for immediately available logistics space, which justifies our commitment to a major speculative development programme in the UK”.

Paul Thirkell, managing director of iForce, said: “The location is of strategic importance within our network and located next to three other Culina Group warehouses, creating significant synergies across the group companies”.

Letting agents for Panattoni were Savills and Burbage Realty. iForce was advised by Roebuck and Hotel Chocolat was advised by Bidwells.