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Businesses Move to Panattoni's New Park in Nottingham

Businesses Move to Panattoni's New Park in Nottingham

Panattoni, the largest privately-owned speculative developer in the UK, has leased all three commercial units at its 55-acre park in Nottingham.

The site, which totals 715,000 sq ft, could generate up to 700 jobs for the local economy.  

The scheme consists of three separate commercial units that were built in one phase. The largest building, a cross-docked distribution unit totalling 551,031 sq ft, has been let to a global online retailer. This is the largest letting of a new speculative development in the Midlands this year. The park also contains two other warehouses - at 89,073 sq ft and 75,402 sq ft - which have been taken by Food Innovations, a UK-based manufacturer of home baking products, and logistics specialist Hermes.  

Situated in Eastwood on the A610, Panattoni Park Nottingham will offer its occupiers direct access to major road networks connecting central and northern parts of the UK. This strategically advantageous location not only gives HGVs access to nearly 40 million people within a four hour drive – just over 60% of the UK's population - but also a straightforward commute for on-site employees. Those travelling from Nottingham city centre will only need to drive 25 minutes to reach work. The area is also supported by public transport links at Langley Mill and Eastwood.  

Simon Jenkins, Development Director at Panattoni, said:

"We are excited to welcome all new tenants to Panattoni Park Nottingham and have the park fully let. The scheme offers its occupiers versatile space with excellent transport links. Developments like these are essential for the continued growth the UK's economy, offering strategic support for businesses and employment opportunities for those living nearby.” 

Ashley Walker, Director of Planning & Hubs at Hermes UK, commented:

“This site will be key for our expanding operations across the whole of the UK in line with our ambitious growth plans, in response to consumer demand. Panattoni have partnered with us to provide a site that will help us deliver a better service for all of our clients and their customers.” 

Ashfield MP Councillor Lee Anderson said:

“Having Panattoni Park, with big brands like Hermes on site, is great. This area has a lot to offer and it’s always nice to know businesses agree. This park offers local people jobs and marks the start of a new and bright future for Eastwood.” 

Leader of Broxtowe Borough Council, Councillor Milan Radulovic said:

“Investments in our area like this one demonstrate the confidence businesses have in the future of Broxtowe and the East Midlands. Our area has a great deal to offer businesses big and small, with good access to transport links and located near Nottingham and Derby cities. The M1 runs through the middle of our Borough, offering good access to North, central areas and the South. Panattoni Park and the businesses within it now offer great job opportunities for local people and will give our local economy a welcome boost now and in the future.” 

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