The units are being developed by Curzon De Vere Limited and have been constructed with eco credentials in mind, featuring significant EV charging ports and PV panels.

The 15-month funding package — which was struck in June 2022 — was put together for units seven to 10 on the bespoke e-commerce park situated in Great Blakenham, Ipswich.

This latest commercial property loan now means STB has funded the build of seven units in total at the park.

Richard Lynn, senior relationship director at STB, led the deal directly with Matt Slater, director at Curzon De Vere, with both parties having started working together in 2020.

Since the deal’s drawdown, all the units now have tenancies agreed, with practical completion on the final unit imminent.

Within the four latest units, there’s an overall footprint of c.258,000 sq ft and Curzon De Vere has recently commenced its sales and marketing programme to a range of institutional investors.

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The park’s commitment is for all new B8 warehouses to be carbon neutral from May 2023, and Curzon De Vere has invested £14m into solar roofing to produce green, renewable energy.

All new warehouses have a unique roof design to discreetly house modern PV panels, with 80 acres of roofing on site installed with solar panels.

Matt commented: “We were first introduced to Richard and STB through a broker.

“Richard and the team were fantastic in the way they organised the deals for the first three units we funded and developed through them during phase one of the park’s build.

“The team’s knowledge of commercial property development, along with the great relationship we have with Richard, is why we decided to reach out again for our latest expansion.”

Richard added: “The Port One location has significant transportation advantages, especially given the location on the A14 West from Felixstowe with 24/7, 365 days a year access.

“I’m also pleased to be involved in the next phase of development which will bring sustained employment and revenue to the local area.

“We’re particularly proud of having helped to fund Port One because of its carbon credentials, as this aligns with our sustainability values as well.”