Panattoni sells Luton warehouse to CBRE
Savills has sold, on behalf of Panattoni, a 68,610 sq ft distribution warehouse in Luton to CBRE Global Investors.
The warehouse at Panattoni Park Luton is currently on a 15 year lease to Delta Electrical Company.
In January, Panattoni completed an adjoining 346,000 sq ft warehouse on the park, which is now available for immediate occupation. Savills said it is the only new build warehouse unit over 300,000 sq ft currently available in the south of England
Charlie Foster, director in the Savills investment division, said: “Panattoni Park Luton offers a unique opportunity for occupiers seeking prominence from, and easy access to the southern M1 motorway. We are pleased to have achieved this excellent result on the investment disposal on behalf of our client.”
DTRE advised CBRE Global Investors.