Hillwood’s EU Industrial Club IV fund will develop a new 335,000 square foot industrial storage facility at Crewe in the United Kingdom after agreeing terms for a £33 million loan facility from Cain International.
The facility which is to be called “Crewe 335”, will be located less than a mile from the A500 Dual Carriageway and some six minutes travel time from Junction 16 of the M6, ensuring easy access to the national motorway network. The development will feature contemporary industrial / logistics space that meets the practical demands of prospective tenants, including an eaves height of 15 metres, Grade A offices, dock level access loading bays, an extensive outdoor yard area and separate car parking. Crewe 335 will be built to BREEAM “Excellent” standards and aims to achieve an EPC “A” rating.
This new partnership with Hillwood marks an exciting step forward as we deepen our commitment to sustainable, future-focused projects.
Macfarlanes and Addleshaw Goddard acted on behalf of Hillwood and Cain International, respectively, and were instrumental in completing the financing.
Armin Senoner, Director, Debt Capital Markets at Hillwood, says: “This transaction signifies the initiation of a strategic alliance with Cain, as we aim to enhance our debt capital markets presence throughout the UK and other European markets.”
A spokesperson for Cain International adds: “This new partnership with Hillwood marks an exciting step forward as we deepen our commitment to sustainable, future-focused projects. We look forward to working with the team as they deliver a highly sought-after product that will bolster economic growth and enhance environmental responsibility in the region.”
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