Hillwood secures funding for Crewe scheme

By Liza Helps Property Editor Logistics Matters

THE DEVELOPMENT will feature 15m eaves, Grade A offices, dock level access loading bays, an extensive outdoor yard area and separate car parking. Crewe 335 will be built to BREEAM "Excellent" standards and aims to achieve an EPC “A” rating.

Hillwood’s EU Industrial Club IV and Cain International will go forward with the scheme as strategic partners. Macfarlanes and Addleshaw Goddard acted on behalf of Hillwood and Cain International, respectively, and were instrumental in completing the financing.

Crewe 335 will be located less than a mile from the A500 Dual Carriageway and some six minutes travel time from Junction 16 of the M6 motorway 

Hillwood Director Debt Capital Markets Armin Senoner, said: "This transaction signifies the initiation of a strategic alliance with Cain, as we aim to enhance our debt capital markets presence throughout the UK and other European markets."

Hillwood established its UK presence in 2018, and has delivered more than 2.5 million ft2 of state-of-the-art logistics. Currently, Hillwood is in the process of developing an additional 2.5 million ft2. 

Joint agents are Knight Frank and Avison Young.