Panattoni has recently acquired a site adjacent to the A4 and Junction 12 of the M4 in Theale, Reading and is applying for planning permission to bring the site into employment use.
The proposals are to develop the site for industrial, logistics, distribution and manufacturing uses. In total, the development will deliver nearly 170,000 square feet of new commercial floorspace, with the potential to deliver more than 200 jobs for the local area.
The development is set to bring significant benefits to the locality. In addition to much-needed jobs, the development will attract new businesses and help to retain other businesses looking to grow and stay in the area. This will directly result in more taxes to fund local services.
Panattoni pride themselves on building responsibly and sustainably. Panattoni Park will offer many features to reduce carbon emissions and the consumption of resources, both during construction and in operation. Durable and sustainable buildings remain useful for longer, continuing to provide employment opportunities for many years to come.