Month: November 2019

Panattoni, Europe’s largest developer of logistics facilities, has completed the construction of a 117,000 sq ft unit suitable for headquarters, warehousing, manufacturing or distribution in Basildon.

Basildon 117 occupies a prominent position in an established distribution/industrial area at the heart of the Thames Gateway, one of the key industrial centres in the eastern M25 region.

The warehouse offers a 12.5-metre clear internal height, two-level access doors and ten dock levellers. It also features a 50 kN/m² floor loading and over 10,000 sq ft of high-quality office accommodation.

Basildon 117 includes parking for 92 cars, 23 HGV’s and has yard depth of 35m. It is also built to BREEAM rating of ‘Very Good’ and has an EPC rating of ‘A’.

James Watson, Development Director of Panattoni, commented: “We are pleased to announce the completion of Basildon 117. The building is the largest currently available in the area.

“The 117,000 sq ft warehouse is a detached unit on its own secure site offering security and peace of mind to any occupier. Potential occupiers will be in good company with Amazon and Costa Coffee distribution units close by and will benefit from extremely easy access to major connecting roads.”

The warehouse overlooks the A127 near its junction with the A132, approximately a 12 minutes’ drive from junction 29 of the M25. Central London, roughly 30 miles to the west, is easily reached via the A127, A12 and A13 in just over an hour.

Via the A132 and A13, Basildon 117 also connects to Tilbury Docks in about 20 minutes’ drive and London Gateway in 16 minutes.

The A130 is within close proximity providing access to North Essex, making it an ideal location for UK businesses that need to connect with European supply chains via Felixstowe, which is just two hours away.

The proposed Lower Thames Crossing, a Highways England development to connect Thurrock and Essex to Kent through a tunnel underneath the River Thames will aim to reduce the traffic at the Dartford Crossing by 22%. In 2017 it was reported that 180,000 vehicles used the Dartford Crossing, and while the plan is only proposed, it would drastically improve drive times to vital connectivity hotspots near London.

John Allan, Director of Avison Young said: “Basildon 117 will give local and regional occupiers the chance to scale up, grow and expand without having to leave the area.

“An opportunity at this kind of scale hasn’t been seen in Basildon for a very long time.”

Basildon is the largest and fastest-growing economy in Essex and the second largest in the Thames Gateway area: there are over 91,000 people economically active in Basildon.

Over 1.5 million people live within a 45-minute drive to work time of Basildon 117 and earnings by place of work in Basildon are £28.80 less than in Chelmsford.

Matthew Byrom, Managing Director of Panattoni commented: “Our portfolio contains large distribution buildings in strategic locations and smaller units located to serve regional markets and the metropolitan conurbations such as London, Birmingham and Manchester.”

The joint agents for Basildon 117 are Avison Young, Knight Frank and JLL.