Investec has provided a £27.7m senior loan to Hillwood for the development of a 248,000 square foot industrial scheme in Northamptonshire.
The site, called Quattro Raunds, will deliver four new industrial units, ranging from 10,600 to 117,000 square feet.
The development will include EV charging points and PV panels, targeting a Building Research Establishment Environmental Assessment Method (BREEAM) ‘Excellent’ rating.
Located on the A45 corridor, Quattro Raunds has direct access to the A14 and M1, with good links to 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 debt capital markets at Hillwood, said: “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.”
