Panattoni has begun speculatively developing Panattoni Poyle 80, a 7,432m2 last-mile logistics development in the sought-after Heathrow area, after purchasing the site in the first quarter of 2023.
Panattoni Poyle 80 is a net-zero carbon development that will be built to a BREEAM sustainability rating of ‘Excellent’ and an EPC rating of ‘A’. Completion is expected in the third quarter of 2024.
Panattoni Poyle 80 is strategically located on Horton Road near junction 14 of the M25. Poyle is one of Greater London’s most established logistics locations, offering direct access to the M25 and proximity to Heathrow Airport’s passenger and cargo terminals alongside convenient last-mile connectivity with Europe’s largest consumer market, London.
Panattoni Poyle 80 is one of the sites in the southeast that Panattoni acquired in 2023 for a combined €409.5m, all of which provide value-add development opportunities in core markets where Panattoni can drive rental growth.
Alex Mitchell, Development Manager, South East and London, at Panattoni, said: “We are pleased to start construction at Panattoni Poyle 80, a rare ultra-urban, last-mile opportunity with immediate access to the UK’s largest cargo terminal at Heathrow Airport. Early interest in the development demonstrates strong occupier demand for the highest quality logistics space in well-connected locations. We are looking forward to completing the development later this year as we continue to execute our speculative development programme.”
Agents at Panattoni Poyle 80 are DTRE and ACRE Capital Real Estate.
Image provided by TAVISTOCK.
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