Kier Secures £21M Loan for Logistics Unit in Milton Keynes

Puma Property Finance, a part of Puma Capital Group, has extended a £21 million loan to Kier Property to support the development of a new industrial logistics unit in Milton Keynes. Kier Property, a subsidiary of the FTSE 250-listed Kier Group plc, is focused on urban regeneration projects throughout the UK. The funding will facilitate the construction of a state-of-the-art 125,647 square-foot Grade A industrial facility, named Logistics City MK, comprising warehouse and office spaces with sustainable features. Located within the UK's logistics Golden Triangle, the development will adhere to stringent sustainability standards, including targeting Net Zero Carbon Standards and BREEAM Excellent certification. Completion of the project is expected by early 2026. The new facility will offer advanced green features such as photovoltaic solar panels and electric vehicle charging points, making it an exemplary project in sustainable industrial development.