Panattoni describes itself as the UK’s largest “speculative developer” and Europe’s “largest developer of logistics property” – otherwise known as warehouses and distribution centres.
It is a name familiar to Swindon as it is the company behind the huge Symmetry Park warehouse deal near the Gable Cross junction on the A420 off the White Hart Roundabout.
That began as a speculative development but was redrawn to the specifications of what the company’s agent described as ”the world’s largest online retailer” and although Panattoni would not confirm the client is Amazon, it has not denied widespread reporting that Jeff Bezos’ company would be using the development for a distribution centre.
The company’s development director James Watson confirmed the Symmetry Park project was still going ahead as planned and the company’s £700m deal for the Honda site just up the A419 in South Marston was separate.
The warehouse covers 2.3m sq ft in area and has been let to Amazon on a 20-year lease. It was sold to property investment firm Legal and General Investment Management for £200m in October in what is believed to have been the UK’s biggest ever single-property deal.
Panattoni’s website features large developments of industrial sites and warehousing in strategically central points across the UK, often built without a specific client in mind.
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