Hillwood secures financing from Cain for development in Crewe
Hillwood’s EU Industrial Club IV and Cain International are excited to announce the successful finalisation of a £33 million loan for a new 335,000 sq ft industrial storage facility in Crewe, UK, known as “Crewe 335.”
Crewe 335 will be located less than a mile from the A500 Dual Carriageway and some six minutes travel time from Junction 16 of the M6, ensuring easy access to the national motorway network. The development will feature contemporary industrial / logistics space that meets the practical demands of prospective tenants, including an eaves height of 15 metres, Grade A offices, dock level access loading bays, an extensive outdoor yard area and separate car parking. Crewe 335 will be built to BREEAM “Excellent” standards and aims to achieve an EPC “A” rating.
Hillwood’s EU Industrial Club IV secured £33 million in funding from Cain International to finance the project. Macfarlanes and Addleshaw Goddard acted on behalf of Hillwood and Cain International, respectively, and were instrumental in completing the financing.
Emphasising the project’s significance, Armin Senoner, Director Debt Capital Markets at Hillwood, said: “This transaction signifies the initiation of a strategic alliance with Cain, as we aim to enhance our debt capital markets presence throughout the UK and other European markets.”
Cain International commented: “This new partnership with Hillwood marks an exciting step forward as we deepen our commitment to sustainable, future-focused projects. We look forward to working with the team as they deliver a highly sought-after product that will bolster economic growth and enhance environmental responsibility in the region.”
About Hillwood:
Hillwood is a global industrial / logistics real estate company with more than 35 years of investment and development experience across North America and Europe. Globally, the company has delivered more than 275 million square feet of warehouse space, including more than 71.4 million square feet in Europe.
Hillwood established its UK presence in 2018, and has successfully delivered more than 2.5 million square feet of state-of-the-art logistics. Currently, Hillwood is in the process of developing an additional 2.5 million square feet.
