Newport expands Fund III with its fifth project: Panattoni Wakefield 500 in the UK

Newport by Panattoni has added Panattoni Wakefield 500 to Newport Logistics Fund III, marking the fund’s fifth project and Newport’s fourth UK investment.

The project will comprise an approx. 500,000 sq ft single cross-docked logistics and warehousing asset on a 23-acre site at Wakefield Europort, West Yorkshire. Construction is scheduled to start in Q2 2026.

For Newport Logistics Fund III, Wakefield 500 strengthens exposure to the UK logistics market and marks a move from mid-box to big-box logistics. The project combines scale, motorway connectivity, intermodal potential and long-term occupier relevance in a proven UK logistics location.

Wakefield Europort provides direct access to the M62, with links to the M1 and A1(M), supporting distribution across the North, the Midlands and wider UK markets. The location also benefits from intermodal rail freight infrastructure, adding flexibility for occupiers focused on supply-chain efficiency and lower-carbon logistics options.

The development is targeting BREEAM Outstanding and net zero carbon in construction. It gives Fund III selected exposure to large-format logistics development in the UK market, supported by Panattoni UK’s sourcing and delivery capability.

Key highlights

Asset: approx. 500,000 sq ft single cross-docked logistics and warehousing facility
Location: Wakefield Europort, West Yorkshire, with access to the M62, M1 and A1(M)
Investment profile: fifth Fund III project and Newport’s fourth UK investment, expanding Fund III’s exposure into UK big-box logistics
Building performance: targeting BREEAM Outstanding and net zero carbon in construction