The funding has been provided by BGO and support the firms’ acquisition and development of seed assets - three sites with a combined GDV of £100m.

These initial sites will potentially deliver around 450,000 sq ft of I&L space with construction set to commence and complete this year.

The assets include SPARK in Walsall (pictured above), INTER in Welwyn Garden City and ARK in Markham Vale. Each will target BREEAM ‘Excellent’ ratings and EPC ‘A’ ratings.

“BGO’s financing of Origin’s three seed assets is a testament to the quality of the strategy, assets and sponsor,” said James Lister, director at Feldberg Capital.

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“With a short timeframe to arrange financing for an intricate structure, it was a strong team effort to get this over the line. 

“This facility will allow us to implement our business plan, whilst we look to grow the Origin portfolio and fulfil our aim of Origin becoming a market leader in the industrial and logistics mid-box space.”

Hamer Boot, executive director at HBD, added: “The financing from BGO frees up equity to invest in future projects, supercharging the ambitious strategy for Origin as we target circa £1bn high quality I&L schemes within the next seven years.

"We have confidence in the occupational story and rental growth in these locations and expect to see improving supply and demand dynamics.”

The Origin joint venture is aiming to deliver around £1bn of I&L schemes over the next seven years.

Feldberg, acting as investment manager, has a 75% share of the JV.

Meanwhile HBD, as development manager, owns the remaining 25%.