Press Release
CBRE Advises Merseyside Pension Fund on £47.47m Financing for Panattoni Wakefield 500
November 12, 2026
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CBRE has advised Merseyside Pension Fund (MPF) on a £47.47 million development loan to support the delivery of Panattoni Wakefield 500, a logistics scheme at Wakefield Europort in West Yorkshire.
The financing, provided for the logistics investment within Panattoni’s Newport Logistics Fund III, will support the development of approximately 500,000 sq ft of Grade A logistics space. Currently under construction, Wakefield 500 will be the region's only speculative logistics unit of this scale and one of the largest Grade A logistics opportunities in the North of England.
The development benefits from direct access to the M62, M1 and A1(M) motorway corridors, nearby intermodal rail infrastructure and strong connectivity to major consumer markets across the North of England, the Midlands and the wider UK.
Reflecting growing occupier demand for sustainable logistics space, the scheme is targeting BREEAM Outstanding, an EPC A+ rating and net zero carbon in construction. Practical completion is scheduled for May 2027.
The funding is the second to a Panattoni-backed entity by MPF in collaboration with CBRE, following a loan that supported the development of Haydock 66 in Merseyside in 2025.
This transaction demonstrates continued appetite from our institutional capital partners for high-quality developments in established locations. Wakefield 500's scale and strategic position made it an attractive opportunity, and the financing will support the delivery of one of the North of England's most significant logistics developments.
At MPF through our Catalyst Fund we are committed to investing in opportunities that generate long term value for our members whilst supporting growth and regeneration across the local region. Wakefield 500 represents a high quality development in a strategically important logistics location and its strong sustainability credentials further enhance its appeal. We are delighted to support a project that will contribute to economic activity, job creation and modern infrastructure in our local region.
Securing development funding from Merseyside Pension Fund (MPF), working with CBRE, is a significant step forward in delivering Panattoni Wakefield 500. Speculative development at this scale requires considerable investment, and MPF's decision to fund a second Panattoni scheme, following Haydock 66, demonstrates institutional confidence in our delivery track record and the continued demand for Grade A logistics space in undersupplied locations.
Occupiers across the North are increasingly seeking large, sustainable, ready-to-occupy buildings, yet supply remains limited. Wakefield 500 will be the region’s only speculative unit of this scale, offering excellent connectivity to the M62, M1 and A1(M), proximity to intermodal rail facilities and net zero carbon construction. We are grateful to MPF and CBRE for their continued support as we progress towards practical completion.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm and a premier provider of critical infrastructure services. The company has more than 155,000 employees serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, critical infrastructure); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.co.uk.