Panattoni, the largest industrial real estate developer in Europe, has signed the first pre-lease agreement at its 1.9 million Panattoni Park Aylesford development in Kent, with DHL, the global logistics company.
DHL has signed a 15-year lease for a 110,406 sq ft facility. With 12 dock doors, six-level access and a 50m yard, it will be a last-mile facility for DHL serving Greater London. Panattoni is already on site, carrying out pre-development work, and expects to complete the facility in July 2022.
In August, Panattoni completed the highly complex acquisition out of administration of the 90-acre former Aylesford Newsprint site in Kent. This has enabled Panattoni to take forward the development of 1.9 million sq ft of high-quality logistics space close to junction 4 of the M20 to serve London and the south east.
Panattoni Park Aylesford is a £180m investment in high-quality, sustainable logistics development, infrastructure, parking, landscaping and access, including the new £7 million Bellingham Way link road.
“Aylesford will be one of our largest logistics sites serving London and the Channel ports. When we acquired the site, we knew it would be enormously attractive to the logistics industry. The response from leading players has been fantastic, and the pre-let to DHL reflects that,” said Anthony Watkins, Development Director at Panattoni.
The agents for the site are CBRE, Avison Young and JLL.