The speculative development is a 345,414 sq ft logistics facility at Tamworth, on the A5 close to junction 10 of the M42.
Construction will be complete by early 2022.
Panattoni, who claim to be the largest industrial real estate developer in Europe, say the move is part of a significant speculative development programme in the UK in response to strong demand from occupiers for immediately available space.
The facility will benefit from 2MVa of power, 15m clear internal height, 32 dock doors and six-level access doors, a 50m deep yard and built to a BREEAM rating of ‘Very Good’. There will also be parking for 50 HGVs and 221 cars.
Letting agents are JLL and Burbage Realty.