Construction underway at Wakefield 500 in the UK

Newport by Panattoni has announced that construction is now underway at Wakefield 500, a major logistics asset within Newport Logistics Fund III’s UK portfolio.

Located at Wakefield Europort in West Yorkshire, the scheme will provide a 500,000 sq ft speculative logistics unit. It is expected to become Yorkshire’s only unit of this scale available on a speculative basis and one of the largest Grade A logistics opportunities in the North of England.

Wakefield Europort is a proven distribution location, offering road and rail connectivity to the North of England, the Midlands and wider UK markets. The asset is designed to respond to occupier demand for large-scale, modern logistics space in a region with strong access to major consumer markets.

From an investment perspective, Wakefield 500 combines the key fundamentals sought by institutional logistics investors: scale, connectivity, power availability, sustainability performance and intermodal potential.

The scheme is targeting BREEAM Outstanding, an EPC A+ rating for the warehouse, an EPC A rating for the offices and net zero carbon in construction. Practical completion is targeted for May 2027.

Wakefield 500 is Newport’s fourth UK investment and further strengthens Newport by Panattoni’s presence in one of Europe’s key logistics markets.