Investec Bank has provided a £27.7 million senior loan to Hillwood to fund the development of a new 248,000 sq ft Grade A industrial scheme in Northamptonshire.
The project, known as Quattro Raunds, will deliver four high-specification logistics units ranging from 10,600 to 117,000 sq ft. Construction is being carried out on a speculative basis to meet sustained occupier demand for well-located, energy-efficient warehouse space.
The scheme has been designed to meet modern environmental standards, targeting a BREEAM ‘Excellent’ rating and incorporating EV charging infrastructure and photovoltaic panels.
Situated on the A45 corridor, Quattro Raunds offers strong transport links to the A14 and M1 motorway, and convenient access to regional centres including Northampton, Kettering and Corby.
Kezia Varkel of 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, 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.”
