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First Panattoni appoints major London spec agents

By Paul Norman - Tuesday, May 15, 2018 14:52

First Panattoni, the UK development arm of Panattoni Europe, and Savills Investment Management have appointed Glenny, DTRE and Savills as joint sole agents on Belvedere Wharf, South East London.

Belvedere Wharf is understood to be the largest speculative development in the South East London and Kent region, totalling 450,000 sq ft at the centre of the Belvedere Industrial Park, a location within eight miles of Junction 1A of the M25 and 13 miles from Central London.

The first phase, consisting of two units, will provide the 86,660 sq ft unit 1, which is now complete with a further 109,926 sq ft consented and available on a build-to-suit basis.

A second phase will be delivered over the next 24 months providing approximately 130,000 sq ft of Grade A industrial in a range of sizes. 

Richard Seton-Clements, Divisional Partner in Glenny’s Business Space Agency team, said: “We are looking forward to working with First Panattoni and Savills Investment Management in bringing this essential development forward in one of South East London’s premier industrial areas. The area has attracted the likes of Amazon, Ocado, Tesco and Asda, demonstrating its strategic location in the region.”

pnorman@costar.co.uk

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