Panattoni snaps up 10 acres to expand Sittingbourne development
Logistics property developer Panattoni has acquired a further 10 acres of land in Swale, Kent.
The purchase will take Panattoni’s investment in the area to £170 million as it looks to create what will now be a 36-acre logistics park at Sittingbourne, targeting net zero carbon emissions.
Work recently got under way on the speculative development to deliver the first phase of the park, comprising two units of 440,000 sq ft and 205,000 sq ft respectively.
Completion of these units is expected in March 2025.
The new land will enable the developer to prepare plans which could see up to a further 128,000 sq ft of commercial space developed at Panattoni Park Sittingbourne.
These proposals, which would be subject to a planning application, could see construction start later this year and complete by the third quarter of 2025.
Tony Watkins, head of development for the South East and London at Panattoni, said: “The acquisition of the additional 10 acres reflects the attractiveness of the location, with demand for high quality logistics facilities continuing to outstrip supply across Kent and the South East.
“It’s part of our strategy to acquire land to provide highly efficient distribution premises with high energy performance, from which industry-leading companies can serve London and the South East.
“We’ll now be able to create a home for even more jobs, up from the 1,069 we originally expected, which is great news for Swale and the local community.”
All units are to be developed with sustainability in mind, including the installation of roof-mounted photovoltaic panelling and electric vehicle charging points.
Panattoni Park Sittingbourne is strategically positioned between London and Dover, four miles north of junction 5 of the M2.
The development provides access to major national and international transport routes, with the port of Dover less than an hour away and easy connectivity to the M2, M20 and M25 motorways.
