Industrial, logistics and distribution property at heart of Kent’s future

Panattoni’s investment in Kent is centre stage in a major property report which highlights the county as a developing hot spot for industrial logistics and distribution firms.

The Kent Property Market Report suggests Panattoni’s development of industrial space will support the county’s economic recovery from the Covid-19 pandemic, so helping the region respond to changes to how people live, work and do business.

It has been calculated that the delivery of more than 507,000 sq ft (5.45 million sq ft) of major schemes has got under way or been consented in Kent during the last 12 months.

An additional 177,000 sq ft (1.9 million sq ft) of industrial and distribution space at Panattoni Park Aylesford adjacent to the M20 is progressing through the county’s planning system.

Produced by Caxtons Chartered Surveyors, Kent County Council and Locate in Kent, the 29th edition of the Kent Property Market Report says the county looks set to benefit from its strategic position, affordability, and burgeoning logistics, life science and creative industry sectors.

Ron Roser, Chairman of Caxtons which has offices across Kent, said: “Having attracted the attention of both investors and logistics operators for its relative affordability and connectivity over recent years, the pandemic has only added to requirements, driving robust rental growth.

“Little did we know at the start of 2020 how our collective worlds would be turned upside down. The relative uncertainty of last year has been replaced by what is best described as apparent wholesale structural change in how we shop, work and socialise with the move from bricks to clicks driving the industrial logistics and distribution sector. Five years or perhaps even a decade of change has been accelerated into a matter of months.

“And while there’s no getting away from the human cost of Covid-19 and its impact on our economy, there’s reason for optimism, with investor confidence very evident in logistics and distribution, as well as healthcare and life sciences – with all these industries bucking the trend in Kent and beyond.”

Commenting on the Report, Antony Watkins, Development Director of Panattoni, said: “The report makes for very interesting reading and is consistent with our analysis of the market having seen a significant rise in demand for the space we are offering. It shows why Kent, sitting between mainland Europe and the rest of the UK, is perfectly placed to support the bricks and clicks economy.

“We have received considerable interest in Panattoni Park Aylesford and we continue to work closely with Tonbridge & Malling Borough Council having submitted an application in September.”

For more information on the 2020 Kent Property Market Report, visit www.kentpropertymarket.com

Panattoni’s investment in Kent is centre stage in a major property report which highlights the county as a developing hot spot for industrial logistics and distribution firms.

The Kent Property Market Report suggests Panattoni’s development of industrial space will support the county’s economic recovery from the Covid-19 pandemic, so helping the region respond to changes to how people live, work and do business.

It has been calculated that the delivery of more than 507,000 sq ft (5.45 million sq ft) of major schemes has got under way or been consented in Kent during the last 12 months.

An additional 177,000 sq ft (1.9 million sq ft) of industrial and distribution space at Panattoni Park Aylesford adjacent to the M20 is progressing through the county’s planning system.

Produced by Caxtons Chartered Surveyors, Kent County Council and Locate in Kent, the 29th edition of the Kent Property Market Report says the county looks set to benefit from its strategic position, affordability, and burgeoning logistics, life science and creative industry sectors.

Ron Roser, Chairman of Caxtons which has offices across Kent, said: “Having attracted the attention of both investors and logistics operators for its relative affordability and connectivity over recent years, the pandemic has only added to requirements, driving robust rental growth.

“Little did we know at the start of 2020 how our collective worlds would be turned upside down. The relative uncertainty of last year has been replaced by what is best described as apparent wholesale structural change in how we shop, work and socialise with the move from bricks to clicks driving the industrial logistics and distribution sector. Five years or perhaps even a decade of change has been accelerated into a matter of months.

“And while there’s no getting away from the human cost of Covid-19 and its impact on our economy, there’s reason for optimism, with investor confidence very evident in logistics and distribution, as well as healthcare and life sciences – with all these industries bucking the trend in Kent and beyond.”

Commenting on the Report, Antony Watkins, Development Director of Panattoni, said: “The report makes for very interesting reading and is consistent with our analysis of the market having seen a significant rise in demand for the space we are offering. It shows why Kent, sitting between mainland Europe and the rest of the UK, is perfectly placed to support the bricks and clicks economy.

“We have received considerable interest in Panattoni Park Aylesford and we continue to work closely with Tonbridge & Malling Borough Council having submitted an application in September.”

For more information on the 2020 Kent Property Market Report, visit www.kentpropertymarket.com

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