Wednesday, 13 May 2026
Panattoni has acquired a 23-acre site at Wakefield Europort in West Yorkshire from Delin Property, where the company plans to develop a speculative 500,000 sq ft cross-docked logistics and warehousing facility in joint venture with Newport by Panattoni.
The project, named Panattoni Wakefield 500, is scheduled to begin construction this quarter and will target BREEAM ‘Outstanding’ certification alongside net zero carbon in construction.
The development will include 56 dock doors, eight level access doors, yard depths of up to 50 metres, 62 HGV parking spaces, 384 car parking spaces and a 2.5 MVA power supply.
The scheme comes amid continued supply constraints in the UK logistics market, particularly for large-scale speculative developments. According to Panattoni, there are currently no speculative units of around 500,000 sq ft under construction in the Yorkshire region.
Wakefield Europort is located near Junction 31 of the M62, with access to the M1 and A1(M) motorways. The site also benefits from an adjacent rail freight terminal operated by Maritime Transport, supporting multimodal freight operations.
Andrew Preston, Senior Development Director at Panattoni, said: “Wakefield Europort is one of the strongest logistics addresses in Yorkshire, and this acquisition reflects our conviction that demand for large-format, high-specification space in this market is not being adequately served by existing supply.”
He added: “The combination of M62, M1 and A1(M) connectivity is rare at this scale, and the presence of a rail freight terminal adds a further dimension that is increasingly relevant to occupiers with sustainability commitments.”
Daniel Raemy, Chief Executive Officer at Newport by Panattoni, said the project aligns with the fund’s strategy of investing in logistics assets with long-term occupier relevance across Europe.
“Wakefield 500 expands our UK exposure into the big-box segment, combining scale, excellent motorway connectivity and intermodal potential in one of the country’s most established logistics corridors,” Raemy said.
He added that the development reflects the type of “institutional-quality” logistics assets the fund continues to target, particularly those aligned with evolving supply chain requirements and sustainability standards.
