Octopus Real Estate

Octopus provides £10.6m refinancing loan for Suffolk industrial development



Octopus Real Estate has agreed to provide a £10.6m refinancing loan to Blackacre Limited.

The funds will be used to transform an industrial site near Great Blakenham in Suffolk into a 27-acre business and logistics park.

The site has been split into two plots: the first will be used for two large distribution units with a combined space of 369,000 sq ft, while the second will provide 450,000 sq ft of industrial space.

James Nunn, commercial fund manager at Octopus Real Estate, said: “With great links to one of the UK and Europe’s busiest container ports, the Blackacre development makes good commercial sense. 

“The industrial and logistics market has shown consistent strength and significant outperformance through turbulent times in the market, so we are pleased to have supported the borrower and made this loan.”


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