Panattoni, an industrial real estate developer in Europe, has started speculatively developing a 345,414 sq ft logistics facility in Tamworth.

Tamworth 345 is located on the A5, minutes from junction 10 of the M42.

It is part of Panattoni’s commitment to a speculative development programme in the UK in response to strong demand from occupiers for available space.

The facility will benefit from 2MVa of power, 15m clear internal height, 32 dock doors and six-level access doors and a 50m deep yard. There will also be parking for 50 HGVs and 221 cars.

Simon Jenkins, development director at Panattoni, said: "This is a fantastic opportunity for us, as land in the West Midlands for building a logistics facility of this scale is very scarce.

"Our appetite for speculative development reflects the strength of demand from occupiers for immediately available space."

Construction of Tamworth 345 has now commenced and is expected to be completed in the first quarter of 2022. Buckingham Group Contracting has been appointed main contractor on site.

The appointed agents on the scheme are JLL and Burbage Realty.