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 …