20 December 2024
First letting secured at Panattoni’s Burgess Hill scheme
Commercial, Development, SHW News
Panattoni has secured the first letting at its 458,000 sq ft mid-box, last-mile logistics park at Burgess Hill.
Healthcare logistics provider EMED Group has signed a 10-year lease for 35,000 sq ft of space at the park. The group is relocating its head office from Horley to the new facility.
Panattoni Park Burgess Hill is a speculative development located on a 22-acre site next to the A2300. The park comprises a number of single units ranging from 8,142 sq ft to 147,408 sq ft.
David McGougan, development director at Panattoni, said: “We identified a significant gap in the market for mid-box units, particularly in the 20,000 sq ft to 150,000 sq ft range. The response has been tremendous, with high levels of interest from occupiers for these speculative units. It’s evident that there is a critical undersupply of high-quality industrial space in the region. “Our business model focuses on acquiring sites in areas with limited stock to provide tenants with opportunities to enhance their operations. Demand remains particularly strong for mid box distribution units that enable occupiers to hit their own ESG targets while delivering a high base specification including excellent eaves heights and dedicated parking and yard space”. DTRE, Lambert Smith Hampton and SHW are joint letting agents at Panattoni Park Burgess Hill. Vail Williams advised EMED Group.
