Spaghetti Western: Texan Hines Rides Into Birmingham
Chancerygate and Hines launched their £100M JV last September. The 643K SF portfolio now includes sites in Bournemouth, Nottingham, Tonbridge and Cheltenham. Chancerygate opened a Birmingham office in November.
The Birmingham site is the fifth acquisition for the joint venture. Completion of building work is scheduled for autumn 2020.
“This site represents another exceptional acquisition for the joint venture, extending our track record of moving at pace to identify and secure the most sought-after locations where we can speculatively develop high quality industrial facilities in markets where demand is significantly outstripping supply," Hines UK Director of Industrial and Logistics Greg Cooper said.