Panattoni snaps up M3 corridor site for speculative development

Panattoni, has snapped an 8.33 acre site on the M3 corridor near to Farnborough, south east of London where it intends to develop a 170,000 sq ft speculative warehouse.

The development known as Panattoni Farnborough 170 will see the demolition and redevelopment of the former Benthalls warehouse with a 168,241 sq ft Grade A facility built to a BREEAM rating of ‘Very Good’, with an EPC rating of ‘A’.

Demolition of the old Benthalls unit is due to take place this month, with the building ready in Q3 this year.

It is thought the completed the facility could generate over 170 employment opportunities. The facility will benefit from up to 2.5 MVa power. It will have 15m clear internal height, 12 dock doors, 9 level access doors for van deliveries, as well as extensive car parking, electric charging points and cycle spaces.

Tony Watkins, Development Director for Panattoni said: “This is a rare opportunity for the occupier to be near the excellent location of the M3 corridor region and be able to serve Europe’s largest consumer market. The specification of the building has been adapted to deliver on this ample power, loading provisions and direct M3 access. Panattoni Farnborough 170 will be delivered at speed, and the demolition of the Benthalls unit will shortly be underway on the site.

“There is high demand for this kind of building within this market and the 170,000 sq ft development offers a strong base for a variety of occupiers requiring excellent transport links,” he added.

TSL has been appointed main contractor on the site, and agents on the scheme are DTRE and Savills.