Panattoni to develop €294m Avonmouth logistics scheme

Panattoni is planning a €293.8 million ($313.8 million) speculative logistics development, which will include the United Kingdom’s largest speculative logistics building, in Avonmouth, Bristol.

The development, called Panattoni Park Avonmouth, will be located on a prime, 73-acre site, Central Park, which Panattoni just acquired in an off-market deal. The company will commence speculative development of 1.3 million square feet of consented space in two units of 406,000 square feet and 882,000 square feet, which will be the United Kingdom’s largest single speculative logistics building.

Panattoni expects to start construction shortly, with the intention of completing the development in third quarter 2023. Panattoni Park Avonmouth is strategically positioned for local and national distribution via the M32, M48, M49, M4 and M5 motorways. Major occupiers in the area, include Amazon, The Range, Lidl, DHL, Tesco and Davies Turner.

James Watson, development d