Investec Bank plc, a leading international financial services provider, today announces that its Real Estate team has provided a senior development loan to long-standing clients Hines and Chancerygate to fund a speculative urban logistics development in Oldham, near Manchester, totalling 166,500 square feet.
The Oldham financing forms part of Investec’s wider partnership with Hines. Separately to Investec’s sector-wide activity, over the past two years Investec has supported Hines across investment and development facilities for UK industrial and logistics projects totalling just under £300 million in gross development value (GDV).
The facility has been structured to support the delivery of a new Grade A multi-unit urban logistics scheme, delivered through a joint venture between Hines and Chancerygate, with Chancerygate acting as development manager. The scheme will target occupational demand driven by constrained supply across the Greater Manchester urban logistics market, with unit sizes designed to meet a broad range of tenant requirements.
Source: press release received on 24 March 2025