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HBD to fund 368,000 sq ft of warehouse space at Rainham

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The 20-acre Thames riverfront logistics site is to be developed, thanks to backing from investor Barings.

The investment house has teamed up with developer HBD to fund 368,000 sq ft of warehouse space on the site at Rainham.

The £100m mid-box scheme is close to the A13 with links to central London and the A282 Dartford cross eight miles to the east.

The site also presents an excellent opportunity for river logistics with potential jetty access.

 Work is due to begin next year and, once completed in 2023.

 “Demand for urban logistics remains incredibly strong in the UK, with the pandemic accelerating the rise of e-commerce and consumers continue to require faster delivery times. The sector remains one of our key conviction calls across Europe and across the risk spectrum, from core to value add, with developments representing a significant proportion of our activity over the last 12 months,” said Gunther Deutsch, Barings' Head of Real Estate Transactions Europe.

 

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