Tony Watkins; Panattoni’s Development Director, commented: “Slough is going through a significant period of growth and there is an acute lack of space for commercial occupiers. There is now very limited opportunity for expansion in the Slough Trading Estate and we have already been approached by a number of parties looking to move.”
Matthew Byrom; Panattoni’s UK Managing Director, said: “To bring forward a site of this nature takes experienced and committed counterparties to reach an agreement. We would like to thank AkzoNobel for their constructive and collaborative approach, which was critical to concluding the transaction.”
This deal is the latest in a number of significant transactions completed by Panattoni in the south of England over the last few months, these include acquisitions in Luton, Borehamwood, Basildon, Swindon and Reading.
Matthew Byrom added: “The market fundamentals of our sector and the region mean we have a continued appetite for further development opportunities in the UK and we look forward to making a number of further announcements shortly.”