In a joint venture with Clowes, Hines is to develop a total of 1.15 million sq ft of modern, leading-edge logistics space across the East Midlands in England.

The units under development by the joint venture will be completed during 2023 and include plots at Fairham Business Park, EMDC, and Castlewood Business Park.

Greg Cooper, managing director at Hines, said: “The expansion of our joint venture with Clowes to develop a total of 1.15 million sq ft of high-quality logistics space in the East Midlands is testament to our ongoing conviction in the logistics sector and developing best-in-class spaces that occupiers will call home. Within our network of customer and occupier relationships we continue to see strong nationwide occupier demand, and the Golden Triangle provides fantastic access to all of the UK within 4 hours by car, carving it out as a standout location.”