£47.5m financing secured for Panattoni Wakefield 500

Newport Logistics Fund III has arranged £47.5m of loan financing from Merseyside Pension Fund for Panattoni Wakefield 500, a major speculative logistics development under construction in West Yorkshire.

Located at Wakefield Europort, the development will provide approximately 46,500 sqm (500,000 sq ft) of Grade A logistics space. It will be the region’s only speculative unit of this scale and one of the largest Grade A logistics opportunities in the North of England.

The location provides access to the M62, M1 and A1(M), as well as nearby intermodal rail infrastructure. This connectivity supports distribution across the North of England, the Midlands and the wider UK.

Panattoni Wakefield 500 is targeting BREEAM Outstanding, an EPC A rating for the warehouse and net zero carbon in construction. Practical completion is scheduled for Q2 2027.

The financing supports the continued delivery of the development and reflects lender confidence in the investment. Merseyside Pension Fund was advised by CBRE UK Lending.