The scheme, Quattro Raunds, will deliver four industrial units, ranging from 10,600 to 117,000 sq ft.

Designed to meet the needs of industrial and logistics occupiers, the development incorporates a range of sustainability-focused features including EV charging points and photovoltaic panels, targeting BREEAM ‘Excellent’.

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Kezia Varkel, real estate portfolio manager at Investec, said: “We are delighted to establish a new relationship with Hillwood as they expand in the UK industrial and logistics market.

“Industrial and logistics remains a high conviction sector for Investec, and this transaction demonstrates our ability to deliver flexible financing solutions for speculative development in the space.”

Armin Senoner, director of debt capital markets at Hillwood, added: “The facility underlines the strength of our platform and Investec’s confidence in our ability to deliver high-quality, sustainable industrial schemes that meet occupier demand in key UK locations.”