Clowes Developments has completed building work on almost 270,000 sq ft of logistics space on the Fairham Business Park in Nottingham. The Derbyshire business completed the work on three units measuring between 66,000 and 102,000 sq ft for a joint venture between a global investment manager and global real estate investment and property manager Hines.
The JV acquired the site from Clowes in a forward funding transaction, with Clowes remaining as development manager alongside main contractor TanRo. New roads have also been built as part of the construction works and one tenant has already been lined up.
In total, the joint venture is working with Clowes to develop eight warehouse and light-industrial units totalling 1.15 million sq ft across the East Midlands.
