Panattoni and Newport Logistics Fund partner on logistics facility

Panattoni and Newport Logistics Fund III are partnering to build a 9,290 m2 speculative logistics facility in Milton Keynes, northwest of London.

The two partners have already acquired a five-acre site on Yeomans Drive from the former occupier, Tesa UK, and plan to submit a planning application in Q2 2025. 
This Panattoni Milton Keynes 100 project, with an estimated £30 mln (€35 mln) development value, is the first for the newly launched Newport Logistics Fund III, which focuses on developing and managing sustainable logistics properties across Europe.
Szymon Ostrowski, managing director of Newport Logistics Fund, said: “The development reflects the fund’s objective to deliver sustainable, high-quality logistics assets in key European markets. He noted that Milton Keynes is a strong location with ongoing occupier demand, making it consistent with the fund’s investment strategy.”
James Watson, head of Development for Southern England and London at Panattoni, added: “The facility is intended to provide modern and sustainable logistics space to meet market needs in a strategically located area.”
Part of the Panattoni group, Newport Logistics Fund III supports European logistics development from land acquisition to final sale. Targeting a 15% annual return, the fund is backed by a diverse group of international investors. All projects adhere to ESG principles, comply with SFDR Article 8 regulations, and aim for BREEAM or equivalent sustainability certifications.
Panattoni and Newport Logistics Fund III were advised by Savills.