Panattoni has completed leasing at Panattoni Park J28 Central M1, bringing the UK logistics scheme to full occupancy. The developer said the milestone reflects continued demand for Grade A space along the M1 corridor.
The park benefits from direct access to the M1 and links to national distribution networks. Its occupier mix includes a Chinese third-party logistics provider and a pharmaceutical supply chain operator. The final available unit has been leased to Alloga, a pharmaceutical logistics specialist and part of Cencora. This is the second building Panattoni has delivered to Alloga.
The transaction comes amid steady demand from pharmaceutical occupiers across the UK and Europe, driven by tighter regulatory requirements and the need for temperature-controlled, GDP- and GMP-compliant logistics facilities. Panattoni noted that its recent projects in Germany and Poland have also reflected this trend, including a specialised pharmaceutical facility in Germany and a 9,500 sqm lease to Grupa Olmed at City Logistics Łódź VI in Poland.
Andy Preston, Senior Development Director at Panattoni, said the full leasing of the park reflects ongoing occupier interest in well-located, sustainable logistics space. He added that the developer continues to focus on opportunities along the M1 corridor.
Panattoni recently acquired development sites in Worksop, where it plans a 462,000 sq ft speculative building, and in Northampton West, which has potential for around 1 million sq ft of speculative logistics space.
FHP, CBRE and Apex acted as leasing agents for Panattoni Park J28 Central M1, while Savills advised Alloga.