Industrial developer Panattoni has acquired a 23-acre site at a rail-connected estate in the UK for a 500,000 square foot speculative cross-dock project. Panattoni has acquired the site at Wakefield Europort from Delin Property for an undisclosed sum to develop the Panattoni Wakefield 500 project in partnership with Newport, a pan-European investment platform. Located at Junction 31 of the M62, Wakefield Europort provides access to the M1 and A1 motorway networks. The site includes a rail freight terminal operated by Maritime, which allows for rail-based distribution as an alternative to road transport. Panattoni is undertaking the speculative project to address a severe shortage of large-format logistics space in the UK, particularly in Yorkshire, where no other 500,000 square foot units are currently under construction, the company said.
Source: IPE Real Assets on 11 May 2026
https://realassets.ipe.com/news/panattoni-buys-uk-site-for-500000sqft-speculative-logistics-scheme/10136633.article