Hillwood Investment Properties (Hillwood) has secured a £76.4m development financing facility from Affinius Capital for two ground-up UK logistics developments.
The facility is structured across sub-facilities supporting the two schemes, alongside dedicated finance, carry cost and earnout tranches.
In Luton, the facility funds the ground-up speculative development of a circa 286,000 sq ft Grade A logistics scheme comprising eight units across five buildings. In East London, the facility supports the ground-up development of a circa 43,659 sq ft last-mile warehouse in Canning Town.
Armin Senoner, director of debt markets at Hillwood Investment Properties, said: “We are delighted to be working with Affinius Capital on this financing. The UK remains a core market for Hillwood, and Luton and Canning Town reflect our strategy of pairing large-scale distribution with well-located urban last-mile logistics. This facility gives us the platform to deliver both schemes to a high institutional standard and we look forward to progressing our wider UK pipeline in the months ahead.”
Calum Davidson, senior vice president at Affinius Capital, added: “Hillwood’s development expertise and the quality of these two well-located logistics schemes made this an attractive financing opportunity. We are pleased to support the delivery of modern, institutional-grade space in two of the UK’s most compelling logistics markets and we look forward to working alongside the Hillwood team.”
