Eldridge Real Estate Credit, the real estate investing strategy of Eldridge Capital Management, has provided £57 million across two financing facilities further to develop Port One Logistics Park in Ipswich, Suffolk. The financings are part of a multi-year collaboration between Eldridge and Curzon de Vere to advance the long-term development of the Port One master plan.
The new funding includes an earlier £16 million facility that supported the delivery of approximately 220,000 square feet of logistics space, as well as a more recent £41.2 million loan that will fund the development of additional large-scale logistics units and associated infrastructure. These combined financings support Curzon de Vere’s ongoing strategy to position Port One as a leading logistics destination for companies operating across e-commerce, distribution, and port-related supply chains.
Port One Logistics Park is situated within the Freeport East Zone and enjoys direct access to the A14 at Junction 52, offering connectivity to the Port of Felixstowe and the major national road networks. The park has already delivered more than 1.3 million square feet of logistics space, which is fully occupied by tenants in the freight, maritime shipping, and online retail fulfillment sectors.
The latest phase of development will enable the construction of approximately 388,000 additional square feet of modern logistics facilities. These units are designed to meet high-specification standards with operational efficiency, sustainability, and scale in mind. Curzon de Vere intends to continue advancing the site over the next decade as demand for well-located industrial and logistics space remains strong.
With this transaction, Eldridge Real Estate Credit’s total industrial sector lending now exceeds £300 million, representing approximately 3 million square feet of funded logistics developments. The platform invests across the United States, the United Kingdom, and Europe. And it has originated more than $10 billion in loans across various structures, including construction, term financing, transitional opportunities, and special situations.
Curzon de Vere continues to assemble, develop, and deliver the Port One scheme with construction carried out exclusively by its affiliated in-house contractor, Team AB Services.
KEY QUOTES:
“Eldridge is proud to support Curzon de Vere in realizing the full potential of Port One. This partnership embodies the type of enduring, value-driven relationships we strive to build – a best-in-class logistics development today while positioning our partnership for long-term growth in the years ahead.”
Nikos Yerolemou-Ennsgraber, Senior Director at Eldridge Capital Management
“We strive to create a market-leading logistics park in the UK that supports exponential growth in the region’s freight and e-commerce network. Eldridge’s long-term approach and deep industry expertise is essential as we continue to scale the park over the next 10 years.”
Matt Slater, Curzon De Vere
