Investec Bank plc has provided Hillwood, a logistics real estate developer, with a £27.7 million senior loan for the development of a 248,000ft² Grade A industrial scheme in Northamptonshire.
The scheme, Quattro Raunds, will speculatively deliver four industrial units, ranging from 10,600ft² to 117,000ft².
The development incorporates a range of sustainability-focused initiatives and specifications including EV charging points and PV panels, targeting BREEAM ‘Excellent’ rating.
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.
Hillwood director debt capital markets, Armin Senoner, 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.”
