Buccleuch Property, Investec REALIS and Wrenbridge have teamed up to deliver a new 150,000 sq ft industrial scheme in Harlow.
The £55m GDV Identity scheme at Harlow Innovation park will comprise six units ranging from 12,422 sq ft to 59,352 sq ft.
Work is due to start on-site this month on the new speculative development and the scheme is due to complete in summer 2026.
Alpha Property Lending has provided the debt facility for the scheme and Curo has been appointed to deliver the development.
Neil Finnie, director of Buccleuch Property, said: “Harlow offers a strategic location for businesses and Identity Harlow will deliver the high quality, environmentally sustainable buildings that occupiers now want. Joint ventures are at the core of our culture and we look forward to delivering this development with REALIS and Wrenbridge.”
Tom Punch, real estate equity specialist at Investec, added: “This partnership exemplifies REALIS’ strategy of backing high quality, well-located industrial and logistics developments in undersupplied markets. Harlow represents an exciting opportunity to create a sustainable, future-ready asset that meets modern occupier demand. We’re delighted to be working alongside Buccleuch Property and Wrenbridge to deliver this best-in-class scheme.”
James Feltham, director of Wrenbridge, said: “We are excited to announce this joint venture to deliver Identity to the Harlow market, having been involved in Harlow Innovation Park for a number of years we have excellent experience of the strength of the occupational market. We will be delivering this project with two excellent partners in Buccleuch Property and Investec.”
Mert Zabci, head of commercial lending at Alpha Property Lending, added: “This deal represents our first deal with Buccleuch and Investec and our third with Wrenbridge building on a strong relationship developed over many years. We are very pleased to be supporting another high quality, highly sustainable scheme in the industrial sector.”
