QuadReal Property has provided a 拢25.5m (鈧�29.2m) debt facility to Fiera Real Estate and Harleyford Capital to fund the development of a 180,000sqft logistics asset in the UK.
The debt facility will finance the logistics space at Watford Works, London, a project expected to be completed in the fourth quarter of 2026.
Chris Button, head of investment management at Fiera Real Estate, said: 鈥淲e鈥檙e delighted to have partnered with QuadReal to deliver this exciting urban industrial and logistics scheme just in time for Santa鈥檚 Christmas deliveries for 2026.鈥�
Thomas Mallindine, managing director, Harleyford Capital, said: 鈥淗arleyford Capital is pleased to partner with QuadReal on Watford Works which is already generating significant occupier interest, highlighting the project鈥檚 strong market appeal.鈥�
Dereck Richter, VP, real estate debt at QuadReal, said: 鈥淭his financing is directly aligned with QuadReal鈥檚 global investment strategy and core conviction in the logistics space. We are thrilled to be a part of this development project alongside Fiera and Harleyford Capital.鈥�
Andrew Antoniades, head of lending, CBRE Lending, said: 鈥淲e鈥檙e pleased to have supported QuadReal with this financing, which will enable the development of logistics space at Watford Works.
鈥淥ur platform has a wide range of lending programmes, that we either manage or support others with, and development finance is particularly important to us, which can be seen through this debt facility.鈥�
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