Europa, the pan-European real estate investment manager, has secured an £89.1 million green loan from HSBC UK to finance two recently developed and stabilised UK logistics assets in prime locations along the M1 distribution corridor.
Developed in partnership with logistics developer Panattoni, the assets are occupied with long-term lettings agreed with strong occupiers from across the e-commerce, pharmaceutical and automotive sectors.
The first site, Panattoni Park South Normanton, is a 575,000-square-foot facility within an established logistics hub in the East Midlands. With quick access to the motorway network and key regional routes, it offers strong connectivity across the wider Midlands area, including Birmingham, Derby and Nottingham.
The second site, Panattoni Park Rotherham, comprises 710,000 square feet of space and is positioned within the M1-M18 triangle. This strategic location provides excellent connectivity, with the park acting as a national distribution centre for the anchor occupier, as well as providing access to key northern markets such as Leeds and Manchester, and enabling last-mile delivery into the Sheffield region.
Both sites also boast strong sustainability credentials, including an Energy Performance Certificate (EPC) Rating A and a BREEAM (Building Research Establishment Environmental Assessment Method) ‘Very Good’ certification, demonstrating their energy efficiency and environmental performance.
Source: Europa Capital
https://europacapital.com/news/europa-secures-89-million-green-loan-from-hsbc-uk/