Curzon de Vere has secured £57 million across two debt facilities from Eldrige Real Estate Credit to fund the expansion of Port One Logistics Park in Ipswich, Suffolk.
The deal includes an earlier £16 million debt facility that supported the construction of a 220,000 sq ft warehouse.
The latest £41.2 million loan will fund the delivery of the next phase of the scheme, including a 380,000 sq ft warehouse.
Strategically located within the Freeport East Zone, Port One benefits from direct access to the A14 at Junction 52, linking the site to the Port of Felixstowe.
The park has more than 1,300,000 sq ft of fully occupied logistics space, with tenants in shipping, freight and e-commerce sectors.
Nikos Yerolemou-Ennsgraber, senior director at Eldridge Capital Management, said: “Eldridge is proud to support Curzon de Vere in realising the full potential of Port One.
“This partnership embodies the type of enduring, value-driven relationships we strive to build – a best-in-class logistics development today while positioning our partnership for long-term growth in the years ahead.”
Matt Slater, from Curzon De Vere, added: “We strive to create a market-leading logistics park in the UK that supports exponential growth in the region’s freight and e-commerce network.
“Eldridge’s long-term approach and deep industry expertise is essential as we continue to scale the park over the next 10 years.”
Image: Curzon de Vere
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