HBD and Feldberg launch £1 billion logistics platform

A new industrial and logistics venture aims to deliver high-quality, sustainability-focused developments across the UK, with an initial £100 million portfolio already in place.

HBD, the property development arm of Sheffield-headquartered Henry Boot, has partnered with private real estate investment firm Feldberg Capital to form Origin, a platform targeting £1 billion in “next generation” industrial and logistics schemes over the next seven years. 

The platform’s seed assets include three developments: ARK at Markham Vale, a £19 million “flagship” project offering 107,000sq ft of industrial space; SPARK Phase One in Walsall, a £53 million scheme; and INTER in Welwyn Garden City, a £27 million development.

The combined projects are set to deliver approximately 450,000sq ft of prime industrial and logistics space, with construction starting in early 2025. 

All developments will “prioritise” leading ESG standards, including BREEAM Excellent and EPC A ratings.

Ed Hutchinson, managing director of HBD, said: “We are delighted to be able to announce the launch of Origin, which will strategically help HBD to expand its industrial and logistics pipeline across the UK. 

“ARK, a new scheme located at Markham Vale, is one of the seed assets within the new venture and work will start on site early next year. 

“Feldberg Capital shares our commitment to ESG and sustainable development, which will remain a priority in the delivery of this second and final phase of HBD’s flagship industrial and logistics scheme at Markham Vale.”

David Turner, managing partner at Feldberg Capital, added: “Our aim is for Origin to become a market leader in the mid-box space. 

“We’re excited to be working together with HBD, using our tried-and-tested ESG framework to deliver the next generation of units for modern, environmentally responsible occupiers, and driving strong risk-adjusted returns for our investors in the process.”

Origin will draw on HBD’s existing pipeline and acquire new sites for speculative and pre-let developments. HBD holds a 25 per cent stake and will act as development manager, while Feldberg Capital, with a 75 per cent share, will serve as investment manager.

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