Investec REALIS (REALIS), has partnered with Wrenbridge to speculatively develop urban logistics assets in Greater London and the South-East.
REALIS is Investec’s equity strategy that it launched last year and has now completed four transactions in the industrial & logistics development sector to date.
Reportedly, Investec and Wrenbridge have secured three sites in quick succession, comprising:
- A vacant film studio production warehouse in Greenwich, which will be redeveloped into a 40,000ft² single-let unit
- A brownfield site in Cambridge to be redeveloped into a 37,000ft² mid-box logistics unit
- A 47% share in the SPV owning the 8-acre Harlow Innovation Park site for a proposed 150,000ft² industrial/R&D focussed development.
The scheme will be delivered in partnership with Buccleuch Property and Wrenbridge.
In line with Wrenbridge and Investec REALIS’ commitment to sustainable development, the schemes will target an EPC ‘A*’ rating and BREEAM ‘Excellent’ certification.
Currently, Wrenbridge has delivered 30 schemes totalling £2 billion of gross development value and is currently managing the construction of 1.5 million ft², with a further 500,000ft² in pipeline.
Chief executive of Wrenbridge, Ben Coles, said: “We are very excited to have teamed up with Investec to deliver three best in class sites.
“The projects located in Greenwich, Cambridge and Harlow will be brought forward on a speculative basis, reflecting our belief in the occupational markets driven by a continued supply and demand imbalance.”
