Key Takeaways
- • The Merseyside Pension Fund has agreed a £47.47 million development loan for Panattoni Wakefield 500, an under-construction logistics scheme at Wakefield Europort in West Yorkshire.
- • The project is a 500,000-square-foot warehouse hub, according to CoStar's report dated November 12, 2026.
- • The financing reflects continued institutional pension capital flowing into UK logistics development.
- • Oliver Choppin, Finance Director of Panattoni UK Developments Limited, and Andrew Antoniades, Senior Director at CBRE, are identified as contacts in the story.
Summary
The Merseyside Pension Fund has agreed a £47.47 million development loan for Panattoni Wakefield 500, a logistics scheme currently under construction at Wakefield Europort in West Yorkshire, according to CoStar. The 500,000-square-foot hub is being developed at the Wakefield Europort site, which is in Castleford, West Yorkshire.
The transaction shows a pension fund committing debt capital to a speculative-scale industrial project in the Yorkshire logistics market. Development lending of this size for a single warehouse asset is a relevant data point for allocators tracking institutional appetite for UK industrial real estate.
The CoStar article lists Oliver Choppin, Finance Director of Panattoni UK Developments Limited, and Andrew Antoniades, Senior Director at CBRE, among the contacts associated with the story. The full article is available only to CoStar subscribers, so further detail on loan terms, tenancy status and completion timeline is not available in the source material reviewed.
The transaction shows a pension fund committing debt capital to a speculative-scale industrial project in the Yorkshire logistics market. Development lending of this size for a single warehouse asset is a relevant data point for allocators tracking institutional appetite for UK industrial real estate.
The CoStar article lists Oliver Choppin, Finance Director of Panattoni UK Developments Limited, and Andrew Antoniades, Senior Director at CBRE, among the contacts associated with the story. The full article is available only to CoStar subscribers, so further detail on loan terms, tenancy status and completion timeline is not available in the source material reviewed.
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