Hines, a global real estate investment, development, and property manager, in response to continued demand from global occupiers, continues to grow its logistics development presence in the UK and Europe via the expansion of its joint venture with Clowes, the UK property investor and developer, to develop a total of 1.15 million square feet (107,000 square metres) of modern, leading-edge logistics space across the East Midlands in England.
The expanded joint venture will fund the development of state-of-the-art warehousing across 8 units, each of which will be developed to a high specification and target BREAAM ‘very good’ certification. EV charging infrastructure will be installed across the portfolio, and the units are designed to support the installation of solar panels.
The new facilities will service the high levels of demand Hines is experiencing among occupiers seeking logistics space in supply-constrained areas. This initiative increases the initial commitment to deliver 772,000 square feet (72,000 square metres) of logistics space across four UK business parks, which was reached in September 2021.
Source: hines.com on the 14th of November 2022
https://www.hines.com/news/hines-and-clowes-expand-venture-to-develop-1-15m-sq-ft-of-best-in-class-logistics-space