Trio of logistics units completed at Fairham

Real estate investor Hines, development heavyweight Clowes and main contractor TanRo have completed work on 25,000 sq m of logistics space at Fairham Business Park on the outskirts of Nottingham.

The new units, which range in size from 6,114 to 9,455 sq m, are part of eight Clowes and Hines are planning to deliver in the East Midlands via their joint venture.

The site at Fairham was acquired from Clowes Developments – which also acts as development manager – in a forward funding transaction.

As well as units B1, 2 and 3, significant infrastructure works have been completed at Fairham Business Park in recent months, including a signalled access road into the new Fairham community and existing road improvements from Mill Hill Island to Clifton South Park and Ride.

Greg Cooper, managing director of Hines’ UK operation, 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.”

Last year, the JV delivered 18,000 sq m of logistics space at Dove Valley Park in South Derbyshire.

James Richards, director at Clowes Developments, said: “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.

“Our lead contractors, TanRo, have delivered this significant development totalling 268,000 square feet, to a tight schedule and have produced a set of quality industrial use facilities setting a high standard for this brand-new business hub. 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.

“Our most recent development, A1 at Fairham Business Park is also fast approaching completion with its intended occupiers finalising the legal documentation ready for moving in later this year.”