Panattoni and Newport Logistics Fund to develop speculative logistics facility in Milton Keynes
Panattoni, a major logistics real estate developer in Europe, together with Newport Logistics Fund III, will develop a 100,000 sq ft speculative logistics facility in Milton Keynes, approximately 50 miles northwest of London.
The joint venture has acquired a five-acre site on Yeomans Drive from the former occupier, Tesa UK. A detailed planning application for the project, known as Panattoni Milton Keynes 100, is expected to be submitted in the second quarter of 2025.
This marks the first project for Newport Logistics Fund III, a pan-European investment fund launched in August 2024. The fund is focused on the development, leasing, and sale of modern logistics properties that adhere to environmental and sustainability standards.
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 that the facility is intended to provide modern and sustainable logistics space to meet market needs in a strategically located area.
Newport Logistics Fund III is part of the Panattoni group and supports logistics development across Europe, covering land acquisition, construction, leasing, and eventual sale. The fund targets an annual return of 15%, with backing from professional investors including high-net-worth individuals and family offices across Europe, the UK, the US, and the Middle East. All projects developed under the Newport fund follow environmental, social, and governance (ESG) guidelines and comply with Article 8 of the EU Sustainable Finance Disclosure Regulation (SFDR). Facilities are also designed to meet BREEAM certification or equivalent sustainability standards.
