£100m funding for 1 million ft2 of warehouse space
NFU Mutual is investing £100 million with Clowes Developments to fund the development of six new logistics facilities in the UK totalling 1 million ft2. The deal will see the delivery of six new Grade A logistics warehouses, five speculative and the sixth a pre-let across three of Clowes Development’s sites – EMDC, Castlewood Business Park and Centrix Park. The size of the units will range from 58,586 sq ft at Centrix Park to a unit of close to 250,000 sq ft at EMDC. The pre-let unit is let to Deichmann-Shoes UK and totals 162,500 ft2 located at Centrix Park, Corby. The property has al...