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Work has started on the UK's biggest ever speculative logistics facility.

Work starts in Swindon on UK’s biggest ever speculative logistics facility

Work has started on the UK’s biggest ever speculative logistics facility.

Panattoni, Europe’s largest developer of industrial and logistics real estate, has commenced construction of a 915,000 sq ft speculative logistics facility at Panattoni Park Swindon.

The milestone follows the letting of Panattoni’s previous record-breaking development, an 885,000 sq ft unit at Avonmouth, which the company says underscores the strength of demand in the large-scale logistics market.

Situated on the 360-acre site of the former Honda manufacturing plant, Panattoni Park Swindon will deliver 7.2 million sq ft of state-of-the-art logistics and industrial space.

The first phase of development includes the newly-launched 915,000 sq ft unit alongside a second 545,000 sq ft facility, which is already under construction.

Total project costs once complete will be around £900 million and the project will add over £1.2 billion to the economy over the next ten years, creating up to 7,000 jobs on site.

The site also includes a readily available plot for the largest single-unit with detailed planning permission in the UK at 1.2 million sq ft, which is available on a pre-let basis and can be delivered within 10 months.

“Having recently leased Panattoni Park Avonmouth, the largest speculative warehouse to have ever been built in the country, I’m pleased to announce today we are now commencing construction of an even larger speculative warehouse in Swindon,” said James Watson, head of development South at Panattoni UK.

“Panattoni Park Swindon embodies our model: scale, location, power, and quality—delivered ahead of demand. Panattoni Park Swindon is one of our largest developments globally and will be exemplary in its class.”

Vertical construction of the 915,000 sq ft unit is set to begin in June.

Savills and DTRE have been appointed as leasing agents.

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