Helios Europe, the European logistics developer headed by Mike Hughes, has entered into a joint venture with specialist fund manager Mansford Real Estate to develop a EUR 1 bn pipeline of future projects across Europe. The new partnership has received 'substantial financial backing' from two of the UK's largest pension funds, British Airways and West Midlands, to build out its 1.2 million m[sup]2[/sup] European development pipeline and to seek new opportunities.