Hillwood has acquired a 350,000 sq ft multi-unit estate in Luton on a site that comprises approximately 16 acres.  The site is well located within close proximity to the M1 Motorway and will be fully redeveloped to provide a new, best-in-class industrial and logistics scheme.  Demolition started on site in April and will complete later this year, whilst development of the new scheme is targeting a start date before the end of 2025.

The transaction completed in March 2025 and marked the first major acquisition since Hillwood integrated long-term development partner, Trebor Developments, in October 2024.  The Luton scheme is intended to kick start the next phase of development within the UK with further announcements expected to follow, which are in addition to speculative developments already underway at Crewe, Raunds, and Wigan.

Greg Dalton, Vice President for Hillwood, commented: “We’re delighted to have secured another major acquisition, especially so soon after integrating the Trebor business last year.  This latest prime site will provide more Grade A industrial and logistics accommodation for our expanding development pipeline and we’re excited to announce our plans in due course.”

Global real estate advisor, CBRE (London) acted for the vendor, whilst DTRE (London) provided advice to Hillwood on the acquisition.  Both CBRE and DTRE have been retained as leasing agents.