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Eldridge Real Estate Credit Provides Financing for Two Hillwood Developments Across the UK

via Business Wire

Eldridge Real Estate Credit and Hillwood today announced the provision of two debt facilities for the development and construction of industrial units in Swanley and Park Royal, UK. These transactions total over £57.6 million, and they mark the second and third financings between Hillwood and Eldridge Real Estate Credit.

Eldridge Real Estate Credit is a leading investor in real estate credit opportunities throughout the US, UK, and Europe, including construction, bridge, and special situation opportunities across the capital structure. These financings follow a £33 million facility completed in April 2024 for an industrial storage facility in Crewe, UK, bringing total financing with Hillwood to over £90 million.

The loans include a £28.7 million facility for the development of a 162,000 sq ft multi-unit industrial scheme in Swanley, located on an 11.5-acre site with direct access to the M25 and M20. The site also benefits from close proximity to Greater London. A separate £28.6 million facility will be for the development of a 70,000 sq ft logistics unit in Park Royal, one of London’s most established industrial locations.

“For over two decades Hillwood has served as a best-in-class industrial developer, and we look forward to deepening our partnership with them,” said John Cole, Global Head of Real Estate Credit, Eldridge Capital Management. “This transaction brings our total lending within the industrial-logistics market to over two million square feet across the UK and Europe, and we believe we are well-positioned to continue to expand this footprint.”

“We are pleased to again work with Eldridge Real Estate Credit to bring these exciting projects to life,” said Armin Senoran, Director - EU Debt Markets at Hillwood. “Swanley and Park Royal are strategic locations within our UK portfolio, and we believe these developments will deliver critical high-quality industrial space to two thriving markets.”

Both developments are speculative, and construction is expected to be completed in early 2026.

About Eldridge

Eldridge is an asset management and insurance holding company with approximately $72 billion in assets under management that consists of two divisions: Eldridge Capital Management and Eldridge Wealth Solutions. Eldridge Capital Management, through its subsidiaries, focuses on four investment strategies – diversified credit, GP solutions, real estate credit, and sports & entertainment. Eldridge Wealth Solutions, an insurance and retirement solutions platform, is comprised of Eldridge’s wholly owned insurance companies, Security Benefit and Everly Life. Headquartered in New York, Eldridge has offices in Atlanta, Beverly Hills, Chicago, Dallas, Des Moines, Greenwich, London, Overland Park, Singapore, and Topeka. Eldridge is wholly owned by Eldridge Industries. To learn more about Eldridge, please visit eldridge.com.

Eldridge Real Estate Credit is the brand name for the real estate credit team at Cain International (“Cain”) that is being integrated into Eldridge. Cain is a privately held investment firm focused on real estate and business opportunities that shape the fabric of global gateway cities. Cain is a partnership between its CEO, Jonathan Goldstein and Eldridge Industries. Cain currently manages over $16 billion in assets through its real estate equity, real estate credit, and private equity platforms.

About Hillwood

Hillwood, a Perot company, is a premier commercial and residential real estate developer, investor, and advisor of properties throughout North America and Europe. With a diverse portfolio of properties and home to many of the world’s leading companies, Hillwood is committed to bringing long-term value to our customers, partners, and the communities we serve. For more information, please visit www.hillwood.com.

Hillwood Properties, based in Fort Worth, is a leading real estate developer specializing in industrial-logistics, corporate office, and retail mixed-use development, as well as airport and property management. With a commitment to excellence and innovation, Hillwood has established a reputation for quality development that drives economic growth for communities throughout North Texas. Signature developments include AllianceTexas, Circle T Ranch and Frisco Station. To date, Hillwood Properties has developed and acquired 32 million square feet of industrial, 3.6 million square feet of retail and office and over 4,000 multifamily units. For more information on Hillwood Properties’ flagship development, AllianceTexas, please visit www.alliancetexas.com.

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