Alliance Automotive Group UK & IE (AAG UK & IE) partner with Panattoni, Europe’s leading logistics developer, to build a new distribution centre.

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06 Oct 2022

Category: AAG News, Articles

Alliance Automotive Group UK (AAG UK) partner with Europa Capital and Panattoni, Europe’s leading logistics developer, to build a new distribution centre.

AAG UK have partnered with Europa Capital and Panattoni for the development of a new distribution centre in Rotherham. This purpose-built facility will provide almost 1 million sq ft of usable warehouse space in a custom-built facility.

Steve Richardson, AAG’s Managing Director said “We’re delighted to partner with Europa Capital and Panattoni to secure this new facility for our FPS business. We’ve experienced significant growth since acquiring FPS in 2016 and this investment not only allows us to consolidate our 3 existing facilities in Sheffield, but also forms part of our wider programme to strengthen our distribution infrastructure to ensure we are prepared for future growth.

This will be a purpose built, state of the art facility, integrating best in class logistics operations with advanced technologies to put us at the forefront of aftermarket distribution.  As we move forward customers can expect an even wider product offering alongside market leading service and support. It’s an exciting next step in our journey and we expect the new facility to be operational in the first quarter of 2025”.

Dan Burn, Head of Development for the North West and Yorkshire at Panattoni, said: “This major pre-let to AAG endorses our continuing commitment to a significant speculative development programme across the UK and our continued confidence in the logistics sector.  We look forward to working with AAG over the coming months as we bring significant investment and employment opportunities to Rotherham”.

Rachel Hanke, Managing Director and Value Add Fund Manager at Europa Capital, commented: “Despite current headwinds, securing a pre-let with a tenant such as AAG at an early stage of construction is a testament to the resolve of the asset management team and strength of the fundamentals in the sector, especially for high-quality assets such as the Rotherham logistics park. We continue to experience a good level of occupier interest in the remaining unit and are focused on letting up this space.”