Secured by Kier Property, the capital will be used to deliver a 97,578 sq ft flexible unit industrial and logistics scheme with Grade A warehouse and office space.

This will be called ‘Trade and Logistics City Sharston’.

The four-acre site previously housed a 130,000 sq ft warehouse building and adjacent office block with car park.

The scheme will target BREEAM Excellent and EPC A ratings. It will also offer private secured yards and parking, EV charging, solar PV panels, energy efficient lighting and 24-hour access.

The development will also pursue certification through Puma’s Impact Lending Framework (ILF). Subject to final completion and the social criteria being achieved, Kier will be entitled to a fee reduction on the loan amount under the terms of the ILF.

Spring 2027 is being targeted for practical completion.

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“We’re pleased to support Kier Property on a second facility following the successful delivery of their scheme in Milton Keynes,” said Kent Lawrence, senior manager at Puma Property Finance.

“This partnership reflects our confidence in Kier’s track record and our continued focus on backing proven sponsors delivering best-in-class space.”

Leigh Thomas, group managing director at Kier Property, added: “This new nine-unit, Grade A scheme has been designed to offer flexibility for occupiers, from smaller trade counter space through to a mid-box unit with its own yard and access.

“We’re pleased to be working with Puma Property Finance again on a facility that supports delivery of high-quality industrial space and targets strong sustainability outcomes, including BREEAM ‘Excellent’ and EPC A.”