Investec Bank has provided Hillwood, a firm specialising in the development and acquisition of logistics real estate, with a £27.7 million senior loan for the development of a 248,000 sq ft Grade A industrial scheme in Northamptonshire.
The scheme, Quattro Raunds, will speculatively deliver four industrial units, ranging from 10,600 to 117,000 sq ft. Designed to meet the evolving needs of industrial and logistics occupiers, the development incorporates a range of sustainability-focused initiatives and specifications including EV charging points and PV panels, targeting BREEAM ‘Excellent’.
Strategically located on the A45 corridor, Quattro Raunds benefits from direct access to the A14 and M1 motorway, as well as connectivity to nearby centres including Northampton, Kettering and Corby.
Kezia Varkel from 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.”
Armin Senoner, director of debt capital markets at Hillwood, added: “We are pleased to partner with Investec on the financing of Quattro Raunds, marking Hillwood’s continued expansion in the UK logistics market. The facility underlines the strength of our platform and Investec’s confidence in our ability to deliver high-quality, sustainable industrial schemes that meet occupier demand in key UK locations.”
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