Panattoni has increased its investment in its net zero carbon logistics park at Sittingbourne, England, to £170 million (€198 million) with the acquisition of an additional 10-acre site at G Park Sittingbourne.
Panattoni is preparing to submit a planning application for a 128,050 square feet unit on the new site. Construction of this second phase of development is expected to start in the fourth quarter of this year, with completion due in the third quarter of 2025.
Panattoni is already under construction with the 645,000 square feet first phase of development at the park, comprising two units of 440,000 square feet (S440) and 205,000 square feet (S205). Completion of these two units is expected in March 2025.
Source: propertyeu.info on the 9th of May