As part of a joint venture with Kier Property, Investec SPF is providing a £20 million loan which will assist in the purchase and development of an 11.6-acre logistics and trade counter site in Thurrock, Essex.
The site will include four logistics and distribution units of between 40,000 and 50,000 sq ft. It is located near the M25, and is within close proximity to London.
“There is robust demand for prime industrial and logistics space with excellent connectivity and proximity to major urban locations,” said Mark Bladon at Investec Structured Property Finance.
“The Trade City brand has established a strong track record of delivering this type of space to a range of occupiers and the development of this site in Thurrock is another example of the joint venture’s understanding of future market requirements.”