Clearbell Affordable Student Accommodation.

The UK PBSA market is large, liquid, and mature. To many, this maturity means value-add returns can only be made via development, but it creates another opportunity: to purchase first and second generation stock at fractions of replacement cost, refurbish and let to the growing price sensitive student population.

Alongside attractive financial returns we can deliver both environmental improvements and a positive social benefit by widening participation in tertiary education.

Delivering this strategy is Clearbell Every Student; an established brand managing 2,000 affordable PBSA beds. The Clearbell team has a strong track record in successful UK real estate operating platforms over the last 25 years.

For more information, please contact us to discuss.

Clearbell Logistics Platform.

The UK logistics/industrial sector fell in value by 27% (UK MSCI Monthly) between June 2022 and March 2023. This correction presents an opportunity to invest in income producing assets, with embedded rental growth, at below replacement cost. In addition, we have seen a real discount, confirmed by MSCI data, for single industrial assets in the £5-10m range consistently over the past decade. The recent price correction means that good quality smaller, assets can now be purchased at strong initial yields given embedded rental growth.

In May 2023, we acquired a UK wide six strong industrial and logistics seed portfolio. The portfolio will offer asset management opportunities to grow the rents and improve the ESG credentials of the units.
This purchase builds on our long-established track record of building light industrial/logistics portfolios and culminating in a series of successful exits.

For more information, please contact us to discuss.

Clearbell Single Family Housing.

The number of households in the private rental sector (PRS) has doubled since 2005 and more than tripled in the age range 35-64. In addition, there are now c.1 million extra households with children. The demographic led demand is outstripping supply, of appropriate family rental accommodation.

The strategy for this investment is for large investors seeking exposure into this emerging market, delivering society driven, environmentally sound accommodation across a rollout portfolio.

We are partnering with housebuilders who are motivated to work with partners due to increasing costs, a slowdown in new home sales and a reduction in landlord buyers.

For more information, please contact us to discuss.

Cara Portfolio.

In March 2017, we acquired a seed portfolio consisting of 12 industrial assets, capitalising on favourable post-referendum conditions to acquire assets below replacement cost. We continued to build our portfolio with further acquisitions between September 2017 and March 2019. Through seven separate transactions, a significant portion of them off-market, we aggregated a high-quality portfolio of 23 assets.

Our focus lay in an undersupplied sector with structural growth dynamics and an attractive running yield: urban logistics units across the UK.

Having targeted units with low in-place rents income growth was delivered via refurbishment and re-leasing of vacant units, and intensively managed rent reviews and lease re-gears.

The portfolio was sold to Mileway (Blackstone) for £120m in March 2020, a price reflecting the portfolio aggravation and asset management value added.

Tune Hotels.

In 2010 the budget hotel sector was growing three times faster than the overall hotel market. With significant undersupply, particularly acute in London we teamed up with the Tune Hotel brand in a joint venture with Queensway.

We built the portfolio to four trading hotels and three development sites, providing a combined total of 617 rooms. The concept was based on providing a high-quality bed and shower, in 10 sq m rooms, at a very affordable price. Like low-cost airlines, the marketing model was internet-driven with dynamic pricing.

The stabilised hotels achieved very high occupancy levels giving the purchaser, the Wellcome Trust, confidence in future growth potential. The sales proceeds of £104m, generated a 29% IRR and a multiple of 1.9x.

Grays Inn Road.

In 2021 we acquired 85 Gray’s Inn Road to provide space for the rapidly expanding life science market, building on our decade long sector experience.

Situated in the heart of London’s knowledge quarter, we have been working with specialist life science contractors and property advisors to ensure that the design meets the needed requirements including high-spec M&E, extract flue and dedicated plant space on every floor. In addition, the retrofit is the first to deliver c.5,000 sq ft floor plates to accommodate smaller occupiers.

The building also has a strong sustainable offering including end of journey facilities, a roof terrace as well as being EPC B, BREEAM ‘Very Good’ and Wiredscore ‘Gold’.

Clearbell Logistics Portfolio

The UK logistics/industrial sector fell in value by 27% (UK MSCI Monthly) between June 2022 and March 2023. This correction presents an opportunity to invest in income producing assets, with embedded rental growth, at below replacement cost. In addition, we have seen a real discount, confirmed by MSCI data, for single industrial assets in the £5-10m range consistently over the past decade. The recent price correction means that good quality smaller, assets can now be purchased at strong initial yields given embedded rental growth.

In May 2023, we acquired a UK wide six strong industrial and logistics seed portfolio. The portfolio will offer asset management opportunities to grow the rents and improve the ESG credentials of the units.
This purchase builds on our long-established track record of building light industrial/logistics portfolios and culminating in a series of successful exits.

For more information, please contact us to discuss.

Clearbell Affordable Student Accommodation

The UK PBSA market is large, liquid, and mature. To many, this maturity means value-add returns can only be made via development, but it creates another opportunity: to purchase first generation stock at 35% of replacement cost, refurbish and let to the growing price sensitive student population.

Alongside attractive financial returns we can deliver both environmental improvements and a positive social benefit by widening participation in tertiary education.

Delivering this strategy is Clearbell Every Student; an established brand managing 2,000 affordable PBSA beds. The Clearbell team has a strong track record in successful UK real estate operating platforms over the last 25 years.

For more information, please contact us to discuss.