Panattoni, Europe’s largest industrial real estate developer, has announced the strategic acquisition of a prime 5-acre site in Milton Keynes as part of its ongoing expansion in the region. The site will house Panattoni Milton Keynes 100, a new 100,000 sq ft speculative industrial unit aimed at meeting rising demand for high-quality logistics space.

The new development reinforces Panattoni’s long-term commitment to Milton Keynes, where it is already delivering major projects. A full planning application is set to be submitted in Q2 2025, with a £30 million investment allocated for the site’s redevelopment. The land was acquired from current owner-occupier Tesa UK Ltd, and the existing industrial facility on the site will be demolished to make way for the new build.

Positioned for strong connectivity, the site offers immediate access to key national transport routes and complements the nearby Panattoni Park Milton Keynes—located less than a mile away—where two large-scale logistics units are currently under development for the Southern M1 corridor.

The first unit, spanning 343,666 sq ft, is now complete and ready for tenant fit-out. The second, measuring 448,366 sq ft, is on track for completion in May 2025. Both units are being built to the highest environmental standards, targeting BREEAM ‘Outstanding’ certification and net zero carbon in construction. The facilities also include advanced specifications such as 18-metre clear internal heights, 55-metre service yards, and extensive loading infrastructure.

James Watson, Head of Development, Southern England & London at Panattoni commented:“Our latest acquisition underlines our long-term commitment to Milton Keynes and our confidence in the region’s industrial and logistics market. With the completion of the new logistics hub, Panattoni Park Milton Keynes, we wanted to continue to expand our speculative offering, giving tenants flexible size options for businesses to move and grow in the region. Panattoni is offering clients modern, high-quality, sustainable space in a prime location. This investment aligns with our strategy to deliver best-in-class facilities to meet occupier demand. We look forward to bringing forward the planning and working with the community even further.” 

The latest acquisition reflects Panattoni’s strategy of securing key logistics locations across the UK, bolstering its national portfolio and strengthening supply chain infrastructure.

Savills advised Panattoni on the transaction.