Investec and Kier Property are set to develop �400 million of urban logistics assets across England. The duo have previously teamed up to successfully complete 13 urban logistics developments. This JV has secured its first site, a 4.4-acre former office site in Hemel Hempstead, Hertfordshire, which will be redeveloped into a seven-unit Trade and Logistics City scheme, providing 87,000 sq ft of modern industrial space.