Panattoni plans additional Milton Keynes warehouse

By Liza Helps, Property Editor, Logistics Matters

THE NEW development, Panattoni Milton Keynes 100, will be a single speculative unit of 100,000 ft2 and will be developed in partnership with Newport Logistics Fund III – a pan-European fund that was launched last August to finance the development, leasing and sale of modern, sustainable logistics properties. The development is the first for Newport Logistics Fund III,

A detailed planning application will be submitted in Q2 2025, with Panattoni’s £30 million commitment into the project to further enhance its logistics hubs in Milton Keynes.

The site on Yeomans Drive, has been acquired from global adhesive tape manufacturer owner-occupier Tesa UK. The existing 72,890 ft2 facility will be demolished and the site redeveloped.

The site complements the ongoing development at Panattoni Park Milton Keynes less than one mile away, where Panattoni UK is delivering two large-scale units a 343,666 ft2 property which is now complete and ready for tenant fit-out, and a 448,366 ft2 unit that is scheduled for completion in May 2025. Both units will achieve a BREEAM ‘Outstanding’ rating and net zero carbon in construction.

TDB Real Estate acted for owner-occupier Tesa UK while Panattoni was advised by Savills on the acquisition. Letting agents for Panattoni Park Milton Keynes are Savills, Cushman & Wakefield and CBRE.

The Newport series of funds finance the full development cycle (land acquisition, construction, lease and sale) of modern logistics warehouses in Europe and aim to generate a return of 15% a year. They are part of the Panattoni group. Capital is sourced from professional Investors principally high-net-worth individuals and family offices from the EU, Switzerland, the UK, the US and the Middle East. All Newport projects meet strict sustainability standards. Each facility is designed in accordance with ESG goals and Article 8 of the EU SFDR regulation. All projects will be BREEAM certified (or equivalent).