Panattoni, Europe’s largest developer of industrial and logistics real estate, has commenced construction of a 91,500 sq m speculative logistics facility at Panattoni Park Swindon—setting a new benchmark as the largest project of its kind ever undertaken in the UK.
The milestone follows the letting of Panattoni’s previous record-breaking development, an 88,500 sq m unit at Avonmouth, underscoring the strength of demand in the large-scale logistics market and reaffirming the company’s confidence in its speculative development strategy.
Situated on the 360-acre site of the former Honda manufacturing plant, Panattoni Park Swindon is set to become a transformative logistics and industrial hub, delivering 720,000 sq m of state-of-the-art space. The first phase of development includes the newly launched 91,500 sq m unit alongside a second 54,500 sq m facility, which is already under construction. This phase represents a £300 million investment thus far, backed by US capital – a major vote of confidence in the UK logistics market. Total project costs once complete will be c. £900 million and it will add over £1.2 billion to the economy over the next ten years, creating up to 7,000 jobs on site.
The site also includes a readily available plot for the largest single-unit with detailed planning permission in the UK at 120,000 sq m, which is available on a pre-let basis and can be delivered within 10 months.
James Watson, head of development – Southern England & London at Panattoni UK, said: “Having recently leased Panattoni Park Avonmouth, the largest speculative warehouse to have ever been built in the country, I’m pleased to announce today we are now commencing construction of an even larger speculative warehouse in Swindon. Panattoni Park Swindon embodies our model: scale, location, power, and quality—delivered ahead of demand. Panattoni Park Swindon is one of our largest developments globally and will be exemplary in its class.”
Vertical construction of the 91,500 sq m unit is set to begin in June. The facility is designed to meet the requirements of high-volume logistics and manufacturing occupiers, featuring 21-metre clear internal height, a cross-docked service yard which extends over 90 metres, and market-leading ESG credentials. It will be BREEAM ‘Outstanding’ rated and achieve an EPC A rating.
Strategically positioned just eight minutes from Junction 15 of the M4, the park enables access to 70% of the UK population within 4.5 hours, offering unparalleled connectivity for logistics operations.
