Hines has completed the delivery of three industrial units totalling 268,814 sq ft at Fairham Business Park in Nottingham.
The units, which range in size from 65,810 sq ft to 101,775 sq ft, were delivered as part of a joint venture between Hines and a “leading global investment manager”.
The joint venture partners acquired the site from Clowes Developments, which has acted as development manager on the units. The joint venture partners and Clowes are currently developing eight warehouses and light-industrial units providing 1.15m sq ft across the East Midlands.
Greg Cooper, managing director at Hines in the UK, said: “We continue to meet the needs of occupiers, delivering high-quality logistics space in a supply constrained market. Each of the three units at Fairham are high specification, with BREEAM Excellent certification achieved including EV charging infrastructure and the ability to support the installation of solar photovoltaic panels. We look forward to continuing our work with Clowes to deliver the remaining space at Castlewood Business Park and East Midlands Distribution Centre this year.”
James Richards, director at Clowes Developments, added: “The practical completion of three units at Fairham Business Park marks a step forward in our commitment to deliver best-in-class warehousing across the East Midlands. Our lead contractors, TanRo, have delivered this significant development totalling 268,000 sq ft, to a tight schedule and have produced a set of quality industrial use facilities setting a high standard for this brand-new business hub.
“With one occupier already lined up to take over one of the units, we are looking forward to watching the business park flourish with activity in the months to come. Our most recent development, A1 at Fairham Business Park is also fast approaching completion with its intended occupiers finalising the legal documentation ready for moving in later this year.”
