Automotive logistics hub secures £33m boost

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Credit - John Fielding

The London-based subsidiary of an Israel international bank has signed a £33m financing deal to support the regeneration of Rockingham Speedway into an automotive logistics hub.

Leumi UK has provided the three-year term loan to assist with the redevelopment of Rockingham Motor Speedway.

The project sees the repositioning of a 340-acre race track and surrounding land into an automotive logistics hub.

Rockingham now has planning permission to become a specialist automotive logistics centre with additional serviced offices.

Dan Whiteman, relationship manager, property finance, at Leumi UK, said: "We are delighted to support the team at Rockingham in their plan to position the site in Corby as Britain’s leading automotive logistics hub.

 link source - Insider Media

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