Octopus Real Estate has provided senior acquisition finance to Curzon De Vere to facilitate the expansion of Port One Business and Logistics Park in Blakenham, Suffolk.
This loan, which takes the total amount Octopus has lent on the site to more £50m, will support the acquisition of a 32.8-acre freehold site, which benefits from planning permission for logistics and business use.
The development will incorporate state-of-the-art sustainability features, including 100% solar-powered energy supply equivalent to expected unit power consumption, EV charging stations and LED lighting systems.
James Nunn, investment director at Octopus Real Estate, said: “Curzon De Vere is a valued repeat borrower, and this marks the fourth loan we have provided for this exceptional project. The team has a proven track record of securing forward funding, arranging development finance, and attracting tenants and buyers.
“With 10 units already constructed and fully occupied, Port One has established itself as a key player in the logistics market. We look forward to the continued success of this development and the benefits it will bring to our investors and the wider community.”
Matt Slater, managing director at Curzon De Vere, added: “We have a strong track record in the logistics sector and have dedicated over five years to developing Port One, now an industrial park spanning more than 1.3m sq ft. The funding provided by Octopus Real Estate will enable a significant expansion of the site, marking a major milestone in our goal to establish the premier logistics hub in East Anglia.
“The site benefits from an outstanding location with excellent transport links, making it an ideal base for logistics operations. We are delighted to collaborate with Octopus Real Estate to bring this vision to life and deliver much-needed industrial space to support businesses in the region.”
