Cain lends Hillwood £33m for Crewe shed
The 335,000 sq ft storage facility is being built to BREEAM Excellent standards with the aim of achieving an EPC rating of A.
Privately held investment firm Cain International has confirmed the £33m loan to Hillwood’s EU Industrial Club IV for its joint venture with Trevor Developments, which is dubbed Crewe 335.
Macfarlanes acted for Hillwood and Addleshaw Goddard represented Cain International, and both firms were key to completing the financing.
The shed will be less than a mile from the A500 and close to Junction 16 of the M6.
It has been designed as a contemporary industrial and logistics space to meet the practical demands of prospective tenants.
The building will an eaves height of 15m, offices, dock level access loading bays, an extensive outdoor yard area, and car parking.
Armin Senoner, director of 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.”
Nikos Yerolemou-Ennsgraber, director at Cain International, added: “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.”
