Kier targets £400m of logistics work with Investec JV

Kier Property has formed a new joint venture with Investec Bank to develop £400m of urban logistics schemes across England.
The new venture has secured its first site with the off-market acquisition of a 4.4-acre former office site in Hemel Hempstead, Hertfordshire, which will be redeveloped into a seven-unit Trade and Logistics City scheme, providing 87,000 sq ft of modern industrial space.
Yon Papageorgiou, Head of Real Estate Equity Investments at Investec said: “The UK urban logi