Funding secured for Northamptonshire midbox warehouse scheme
Investor Investec has provided developer Hillwood with a £27.7m senior loan for the development of a 248,000 ft2 Grade A industrial scheme in Northamptonshire.
By Liza Helps, Property Editor, Logistics Matters
THE SCHEME known as ‘Quattro Raunds’ will see the speculative delivery of four industrial units ranging from 10,600 to 117,000 ft2. It will incorporate a range of sustainability-focused initiatives and specifications including EV charging points and PV panels, targeting BREEAM ‘Excellent’and an EPC A rating..
Kezia Varkel, Investec Real Estate, said: “We are delighted to establish a new relationship with Hillwood as they expand in the UK industrial and logistics market. This transaction reflects Investec’s commitment to backing high-quality sponsors with deep expertise in delivering best-in-class industrial assets.
“Industrial and logistics remains a high conviction sector for Investec, and this transaction demonstrates our ability to deliver flexible financing solutions for speculative development in the space.”
Bidwells and M1 Agency are joint letting agents.
