Panattoni Park Swindon will comprise of 11 net zero carbon buildings totalling 7.2 million sq ft, of brand new advanced real estate space, fit for logistics, manufacturing and data centre uses.
The company’s press release adds that Panattoni Park Swindon is committed to its environmental responsibility, achieving net zero carbon in construction, BREEAM ‘Excellent’ certification, EPC A+ and 10% net gain biodiversity.
The site benefits from detailed planning consent for a single unit of 1.25 million sq ft and outline planning permission for the whole park. The proposals will generate thousands of new employment opportunities, including up to 7,000 new jobs on site and 9,000 indirect jobs in the supply chain over the next 10 years.
The formal ground breaking ceremony was attended by the Prime Minister, Rishi Sunak, Swindon’s Members of Parliament, Rt Hon Robert Buckland MP and Justin Tomlinson MP, and Panattoni CEO for Europe and India and Co-Founder, Robert Dobrzycki, Managing Director for UK, Matthew Byrom, and Head of Development, Southern England & London, James Watson.
“What we are able to celebrate today is one of the largest investments in the south, one of the largest development sites in the south, that is going to create thousands and thousands of jobs and that is fantastic for the local area,” said Sunak, speaking at the event.
Panattoni Managing Director Matthew Byrom added:
“It was great to welcome the Prime Minister today to unveil the ground breaking of Panattoni Park Swindon. What our commitment today of $1.15bn (£900m) into this project demonstrates, is that the UK post-Brexit remains a highly attractive place to invest; with its stable economy and political backdrop, it gives our capital certainty that our investment is secure. ”
Infrastructure and demolition works have commenced and the construction for the speculative phase of development will begin later this year.