Kingsbridge, in partnership with specialist sustainable and impact investor Bridges Fund Management, acquired the 16.5-acre site at New Lane, Havant, in November 2020.
Construction of a highly sustainable last-mile logistics site in Hampshire completed on the site in February 2023, with the creation of hundreds of jobs.
The facility has been built to BREEAM “Excellent” standard and incorporates sustainable features including intelligent low energy LED lighting, measures to reduce U-values (which measure heat loss), energy-efficient air source heat pumps, photovoltaic panels on the warehouse roof, and a four-storey van park with electric vehicle charging capability.
Kingsbridge and Bridges Fund Management entered into a funding agreement with LCN Capital Partners for the project on a 15-year full repairing and insuring lease. The transaction was for a maximum commitment of £91m.
We are delighted to have brought forward a scheme that has retained a key employment site, contributed to economic growth and provided job opportunities for local people for many years to come, in line with the local plan and our commitment to meeting demand for high quality industrial and logistics space in the South.