Panattoni acquires Manchester site for logistics development

Panattoni has acquired a 6.5-hectare site at HPARK within Atom Valley, a designated mayoral development zone in Greater Manchester, to build the area’s first large-scale speculative industrial and logistics development.

Panattoni HPARK

HPARK will deliver approximately 195,000 m2 of high-specification, flexible space, including larger combined units. Targeting BREEAM ‘Excellent’ and an EPC ‘A’ rating, it also offers strong sustainability credentials and a high power capacity alongside excellent connectivity, with direct access to the M62 and M66 linking to Greater Manchester and the wider motorway network.

A revised planning application to increase the approved building area will be submitted in the coming months. Panattoni will work with land promoter and developer Russell LDP to amend the existing reserved matters consent and progress infrastructure delivery across the site.

The site sits within Northern Gateway, the largest single development site in Atom Valley—an approximately 405-hectare employment and innovation location stretching across Rochdale and Bury that has been identified as a priority destination for advanced manufacturing, logistics, and industrial investment. Atom Valley as a whole encompasses around 1.58 million m2 of flexible employment space and has the potential to support 20,000 new jobs and 7,000 new homes.

DWF acted as legal adviser to Panattoni. Freeths acted as legal adviser to Russell LDP.