Octopus Real Estate funds expansion of Port One Business and Logistics Park in Suffolk

By Bridging Loan Directory 7th February 2025

Octopus Real Estate, part of Octopus Investments and a leading UK specialist in real estate lending and investment, has successfully provided senior acquisition finance to facilitate the expansion of Port One Business and Logistics Park in Blakenham, Suffolk.

This loan takes the total amount Octopus has lent on the site to over £50m.

The loan – provided to Curzon De Vere Ltd – supports the acquisition of a 32.8-acre freehold site, which benefits from planning permission for logistics and business use. This strategic expansion is set to enhance the capabilities of Port

One, a key logistics hub with excellent connectivity via the A14, offering 24-hour direct access to junction 52 and seamless links to the Port of Felixstowe.

Port One is widely recognised for its commitment to sustainability, aligning with Octopus Real Estate’s carbon-neutral goals.

Team AB – the developer behind the project – prioritises strong environmental, social, and governance (ESG) measures, aiming for zero-carbon operations, BREEAM Very Good certification, and EPC A ratings.

The development will incorporate state-of-the-art sustainability features, including:

100% solar-powered energy supply equivalent to expected unit power consumption
EV charging stations
LED lighting systems
A sustainable drainage system

Staff-focused amenities will include a free electric minibus service and an on-site fitness and wellness centre. Additionally, waste reduction will be achieved through the on-site reuse of materials.

James Nunn, Investment Director, Octopus Real Estate, commented:

“Curzon De Vere is a valued repeat borrower, and this marks the fourth loan we have provided for this exceptional project.

The team has a proven track record of securing forward funding, arranging development finance, and attracting tenants and buyers.

With 10 units already constructed and fully occupied, Port One has established itself as a key player in the logistics market.

We look forward to the continued success of this development and the benefits it will bring to our investors and the wider community.”

The expansion of Port One Business and Logistics Park reinforces Octopus Real Estate’s commitment to supporting sustainable, high-quality developments.

Matt Slater, Managing Director, Curzon De Vere Ltd, concluded:

“We have a strong track record in the logistics sector and have dedicated over five years to developing Port One, now an industrial park spanning more than 1.3 million square feet.

The funding provided by Octopus Real Estate will enable a significant expansion of the site, marking a major milestone in our goal to establish the premier logistics hub in East Anglia.

The site benefits from an outstanding location with excellent transport links, making it an ideal base for logistics operations.

We are delighted to collaborate with Octopus Real Estate to bring this vision to life and deliver much-needed industrial space to support businesses in the region.”