Hillwood, a leading global real estate investor and developer, has let Unit Q40 at Quattro, Raunds — 41,046 sq ft — to GXP-Storage Ltd (“GXPS”). The lease was completed within six weeks of agreeing on Heads of Terms.
Q40 will operate under the same regulatory-compliant quality system, facility, and equipment standards, and GXP-Guardian® platform as other GXPS facilities in the US, giving clients a single view of their materials across every storage environment, from controlled ambient to cryogenic. It places scalable, restricted-access storage capacity within reach of the UK’s principal life sciences clusters. Fit-out is underway, with the facility commissioned and operational by November 2026.
Quattro comprises four speculatively built “mid-box” units from 10,867 to 117,552 sq ft, completed in March 2026. The letting follows 80,747 sq ft to furniture retailer Nick Scali in June 2026, meaning two of the scheme’s four units are now let. These buildings are BREEAM “Excellent” certified and EPC “A” rated, and adjoin the A45, with links to the Midlands and, via the A14, the East of England.
“Two lettings agreed within four months of practical completion says a great deal about occupier demand for well-specified mid-box space on the A45 corridor, as well as sentiment we’re seeing nationally. We’re delighted to have worked closely with GXPS to secure a timely transaction that satisfies their operational requirements” said Greg Dalton, Vice President, Hillwood UK.
“Location, quality, and Hillwood’s approval for a comprehensive fit-out were all critical to commissioning our third restricted-access facility in the UK — and Hillwood delivered on every count,” said Jeff Johnson, Director, GXP-Storage Ltd. “Q40 extends our transatlantic network so clients can work with one partner and one consolidated view of their material on both sides of the Atlantic.”
Hillwood UK is represented by Bidwells and M1 Agency as retained joint letting agents.