Hines, in a joint venture with a leading global investment manager, have successfully delivered three industrial units at Fairham Business Park in Nottingham, spanning a total of 25,000 sqm (268,814 sq ft), ranging in size from 6,114 to 9,455 sqm (65,810 to 101,775 sq ft). The joint venture acquired the site from Clowes Developments, with Clowes acting as the development manager.
Clowes, working alongside main contractor TanRo, reached practical completion of the first three units, B1, 2 and 3 at Fairham marking delivery of prime logistics space at the brand-new development. Furthermore, significant infrastructure works have also been completed including a brand-new signalled access road into Fairham and existing road improvements from Mill Hill Island to Clifton South Park and Ride.
Greg Cooper, managing director at Hines in the UK, said: “We continue to meet the needs of occupiers, delivering high-quality logistics space in a supply constrained market. Each of the three units at Fairham are high specification, with BREAAM ‘excellent’ certification achieved including EV charging infrastructure and the ability to support the installation of solar photovoltaic (PV) panels. We look forward to continuing our work with Clowes to deliver the remaining space at Castlewood Business Park and East Midlands Distribution Centre this year.”
In total, the joint venture in conjunction with Clowes Developments, is developing eight state-of-the-art warehousing and light-industrial units covering a total of 107,000 sqm (1.15 million sq ft) across the East Midlands.
James Richards, director at Clowes Developments, added: “The practical completion of three units at Fairham Business Park marks a step forward in our commitment to deliver best-in-class warehousing across the East Midlands. With one occupier already lined up to take over one of the units, we are looking forward to watching the business park flourish with activity in the months to come.”