Clearbell & Deva Capital continue to grow logistics portfolio with acquisitions across Nottingham & Rochester.

Clearbell Property Partners IV LP (Clearbell), a fund managed by Clearbell Capital LLP, alongside its joint venture partner Deva Capital, the real estate and corporate capital solutions investment arm of Santander Alternative Investments, has acquired two secondary industrial units from Headlam Group Plc.

The assets, totalling c.140,000 sq ft, are located in Nottingham and Rochester, and present two complementary value-creation opportunities.

In Bulwell, Nottingham, the joint venture has acquired the Cheshire Building. Now vacated by Headlam Group, the 83,000 sq ft unit will be comprehensively refurbished, bringing the asset in line with modern standards. MCD House in Rochester is a 57,000 sq ft facility still occupied by Headlam Plc until June next year via a sale and leaseback arrangement. Once Headlam Plc vacate, the building will also be comprehensively refurbished. The contrasting income and vacancy complement each of the two business plans with the refurbishment programme staggered for both assets.

The properties are well located with the Cheshire Building just off Junction 26 of the M1 and approximately six miles north of Nottingham City Centre, and MCD House located off of the M2 between Junctions 1 and 2. The assets will be comprehensively refurbished to achieve EPC B ratings or above, with upgraded specifications and market positioning to support future lettings and operational performance.

Both acquisitions completed in May 2026, bringing the portfolio to 25 assets and more than 115 separate units totalling more than 1.6m sq ft.

These assets have been on our radar for some time, and we’re delighted to have secured them. Both properties benefit from strong underlying fundamentals with a clear scope for refurbishment and modernisation which is at the core of Clearbell’s asset management plan. We continue to see robust occupier demand for well-located, fully refurbished industrial units. There remains a clear supply gap for high-quality assets in key logistics corridors, and these properties are well positioned to meet that demand.”

Rob Cole, Investment Director at Clearbell Capital

Lambert Smith Hampton represented Headlam Group Plc. Clearbell Capital LLP were represented by FHP Property Consultants and CBRE.

AI software firm Boltz takes Kings Cross office building to full occupancy.

Clearbell UK Strategic Trust (CST or Clearbell), a Trust advised by Clearbell Capital, has fully let 6-24 Britannia Street in King’s Cross’ Knowledge Quarter with AI software company Boltz joining as the building’s final tenant.

Boltz has agreed a new three-year lease for the 3,848 sq ft first floor, taking a newly fitted, fully refurbished and furnished CAT A+ workspace. The letting follows Clearbell’s repositioning of the former commercial art gallery into a modern, high-quality office building.

The deal reflects the continued strength of demand from artificial intelligence and technology-led occupiers for workspace in King’s Cross, which is increasingly being viewed as one of London’s most important innovation and technology districts. Boltz’s move follows a wave of AI and technology businesses committing to the area, drawn by its access to talent and proximity to the capital’s wider knowledge economy.

Boltz is developing AI-powered molecular modelling tools for biology and drug discovery, with a focus on open science and making advanced AI capabilities more accessible to scientists. Its technology is designed to help accelerate scientific research, including small-molecule and protein design, supporting the development of new approaches to drug discovery and life sciences innovation.

A recent transformation of Britannia Street, designed by Stanton Williams and delivered by Virtus, has modernised and enhanced the whole building’s functionality and amenities. The fit-out created 15,000 sq ft of premium space, with a new timber mezzanine bringing increased space, and Crittall-style windows enhancing natural light and insulation.

Energy upgrades to lighting and air conditioning have also helped the space achieve an EPC A rating. Modern WCs, showers, bike storage facilities and a courtyard further enhance the occupier experience.

Britannia Street is located close to King’s Cross station, providing businesses with convenient access to one of the city’s best-connected transport hubs. Boltz joins existing occupiers including global publishing company Thames & Hudson.

It’s great to welcome Boltz to Britannia Street, marking the final letting at the building and a significant milestone for the asset. King’s Cross is increasingly cementing its status as one of London’s most compelling technology and innovation districts, attracting fast-growing businesses operating at the intersection of AI, life sciences and research. Boltz’s decision to take space at Britannia Street reflects the demand from these occupiers for high-quality and sustainable workspace in the capital. Britannia Street has been carefully repositioned to meet the needs of today’s businesses, and we are pleased to see that vision reflected in the calibre of occupiers it has attracted.”

Ben Tolhurst, Asset Management Director at Clearbell Capital

Clearbell was represented by Compton and Savills.

Clearbell marks completion of Edmund House refurbishment with arrival of Tesco Express & reception transformation.

Clearbell Property Partners III LP (Clearbell), a fund managed by Clearbell Capital LLP, has completed a significant refurbishment at Edmund House, Birmingham, alongside a new letting and a lease renewal, that strengthen the building’s appeal to occupiers.

Tesco has agreed to take a 2,356 sq ft ground floor unit, where it will open a new Tesco Express. The store, which is secured on a 15-year lease, will provide everyday convenience for office occupiers across the building and add to the retail offering on Newhall Street. Enabling works, including drainage upgrades, are underway ahead ofopening in July.

Long-term tenant, Regus, has also renewed its lease across floors one and two, taking 16,206 sq ft on a five-year term. The flexible workspace provider has been an established occupier at Edmund House and the renewal underlines continued demand for high-quality space in the city centre.

Both lettings follow Clearbell’s refurbishment of the reception and part of the ninth floor, totalling 4,693 sq ft of newly renovated space. The reception has been redesigned around warmer, earthier tones, with the building’s external signage updated to match. The ninth floor has been comprehensively fitted out with 38 desks, 12 person boardroom, 3 further meeting rooms, breakout kitchen, reception and visitor lounges. The suite is ready for occupation and already benefitting from strong occupier interest. Edmund House comprises 79,000 sq ft of office and ground floor retail accommodation across 10 storeys at 12-22 Newhall Street, in the heart of Birmingham’s Colmore business district. As well as being situated near many of the city’s leading professional services firms, the building benefits from excellent transport connectivity, with Snow Hill and New Street stations both within a short walk, and forthcoming HS2 terminus at Curzon Street also nearby, further reinforcing the location’s long-term appeal.

Edmund House sits in one of Birmingham’s strongest office locations, and these lettings reflect the work we’ve put into making it a better place to occupy. Bringing Tesco onto the ground floor is an improvement to the day-to-day experience for everyone in the building, and Regus’s decision to recommit demonstrates the value of investing in quality space and amenity.

When we acquired Edmund House, we saw an opportunity to reposition a well-located building and the completion of our refurbishment, alongside these latest lettings, marks a significant step in that journey. With strong demand for quality space in the Colmore Business District, we’re confident the building is well placed to attract further occupiers as the city continues to draw investment.”

Toby Saul, Asset Management Director at Clearbell Capital

Only the newly refurbished part 9^th floor and 6,300 sq ft sixth floor remain available to new tenants.

Clearbell & Deva Capital secure landmark Bermondsey letting to Rivan at Galleywall Road.

Clearbell Property Partners IV LP (Clearbell), a fund managed by private equity real estate fund management and advisory business Clearbell Capital LLP, alongside its joint venture (JV) partner Deva Capital, the real estate and corporate capital solutions investment arm of Santander Alternative Investments, has agreed a new lease with synthetic fuel producer Rivan at its warehouse asset on Galleywall Road in Bermondsey. 

The largest letting in the 23-property strong CLP portfolio, Rivan will take a new 10-year lease at the 39,000 sq ft unit.

Rivan is a synthetic fuel company focused on developing alternatives for sectors that are difficult to electrify. The business aims to make its product a cheaper and lower-carbon alternative to fossil fuels, capable of being used as a like-for-like replacement. Following its recently announced £25 million fundraise, Rivan is continuing to scale its operations and will move in this May, relocating from its previous headquarters just one mile away. The company will use the unit to scale production in the UK.

The property is being comprehensively refurbished to achieve an EPC A rating, with upgrades including a recoated roof, new LED lighting, refurbished offices, EV chargers, secure bike storage and solar panels.  

Located on Galleywall Road, the warehouse benefits from a prime Zone 2 position in Bermondsey, with excellent access to London Bridge, Canary Wharf and the wider Central London market via Bermondsey Underground station, South Bermondsey station, the A2, Tower Bridge Road and the Rotherhithe Tunnel. The asset also offers rare logistics features for Central London, including three level loading doors, up to 37 metres of yard depth and loading provision for articulated lorries.  

This is a standout letting for CLP and a strong endorsement of both the quality of the asset, the refurbishment and the depth of demand for best-in-class urban logistics space. Galleywall Road is a rare Bermondsey warehouse offering, combining scale and excellent connectivity in one of London’s best industrial locations. Securing a business like Rivan on a long-term lease is a very positive outcome and we look forward to supporting them through this next phase of growth following their impressive fundraise.”

Toby Saul, Director at Clearbell Capital LLP

We are excited to open Production Base 1 on Galleywall Road. This facility will support production of up to 50MWs per year of our synthetic fuel systems, enabling us to immediately start domestic production of synthetic fuel in the UK.”

Tom Pere-Diaz, Operations Lead at Rivan

Clearbell & Deva expand logistics portfolio to over 1.5m sqft & secure £150m HSBC UK facility.

Clearbell Property Partners IV LP (Clearbell), a fund managed by private equity real estate fund management and advisory business Clearbell Capital LLP, alongside its joint venture partner Deva Capital, the real estate and corporate capital solutions investment arm of Santander Alternative Investments, has acquired two new industrial assets in Banbury and West Byfleet, from the Metro Property Unit Trust managed by Federated Hermes.

The acquisitions, totalling 180,000 sq ft, mark the largest single transaction for the JV to date.

In Banbury, Oxfordshire, the joint venture has acquired five industrial units totalling 115,000 sq ft. The units are located at MXL Centre, half a mile from Junction 11 off the M40, and are fully income producing. Planned asset management initiatives include upgrading EPC ratings to B or above and installing rooftop solar. Tenants include global food ingredients manufacturer Newly Weds, healthcare services provider EMED Group, and IT and cloud services specialist Covenco Recovery Services.

In West Byfleet, the joint venture has acquired Trackside Business Centre, a 65,000 sq ft multi-let industrial estate comprising 11 units, all of which are fully let. The estate already benefits from strong sustainability credentials, with further enhancements planned in the future.

Both acquisitions were completed in April 2026, bringing the portfolio to 23 assets totalling over 1.5m sq ft.

The JV has also refinanced the entire portfolio with HSBC UK, achieving a higher LTV and lower margin, to reflect the latest acquisitions and asset management performance to date.

The new facility totals £116 million, with a £34 million accordion providing capacity to scale to £150 million in support of future acquisitions and ongoing sustainability initiatives. The four-year loan, with a one-year extension, provides the flexibility to finance both new purchases and ongoing improvements across the portfolio.

These latest acquisitions in Banbury and West Byfleet demonstrate the continued momentum of the JV. Having tracked both assets for some time, we believe they are strong additions to the portfolio, complementing our existing presence in West Byfleet while increasing geographic diversification through Banbury. The refinancing with HSBC UK provides additional capacity to pursue further opportunities as they arise, while supporting our ongoing asset management strategies to drive operational performance across the portfolio. We are pleased to have worked alongside HSBC UK on this transaction and look forward to building on the relationship in the years ahead.”

Rob Cole, Investment Director at Clearbell Capital

We’re delighted to support Clearbell and Deva Capital with this new facility, which refinances existing arrangements and provides additional capacity to pursue future acquisitions. This transaction reflects our shared focus on long-term, sustainable growth. At HSBC UK, we’re committed to backing ambitious businesses with flexible financing and sector expertise, helping them move quickly on opportunities while maintaining a disciplined approach to capital structure. We look forward to working closely with the teams at Clearbell and Deva Capital as they continue to execute their strategy.”

Peter Nelson, Relationship Director at HSBC

Clearbell was advised by Brotherton as debt adviser and CMS as legal adviser on the refinancing. TT&G Partners and Logix Property LLP represented the vendor on the Banbury and West Byfleet transactions, with Montagu Evans LLP acting as agent and Forsters LLP advising Clearbell and Deva on legal matters.

HSBC UK was advised by Addleshaw Goddard as legal counsel and Savills as valuer.

AirHop set to open new trampoline park destination in Tunbridge Wells.

Clearbell UK Strategic Trust (CST or Clearbell), a Trust advised by Clearbell Capital, has successfully secured trampoline park operator, AirHop as a new tenant at North Farm Road, where the company will lease a 30,000 sq ft unit for a 15-year term.  

AirHop, which operates several trampoline parks across the UK and Europe, is known for its engaging, family-friendly facilities that feature a variety of attractions, from wall-to-wall trampolines to obstacle courses and interactive games. The addition of AirHop at Tunbridge Wells is set to enhance the area’s leisure scene, offering a vibrant destination for local families, youth groups, and visitors. 

The expansion also reflects AirHop’s continued growth strategy, with plans to bring its unique indoor recreation offerings to new audiences across the country.  

Ahead of AirHop’s arrival, Clearbell comprehensively refurbished the unit, to include modernising mechanical and electrical systems and improving its energy efficiency rating from an EPC D to a B and a new roof. The renovation will enhance the space’s functionality and aesthetic, creating a modern, welcoming environment for AirHop’s visitors while supporting the company’s operational needs. 

We’re delighted to bring AirHop to Tunbridge Wells, adding a fresh and exciting experience to the area’s leisure scene. This move represents our ongoing focus on creating spaces that not only help our tenants grow but also make a real difference to the community. With Clearbell’s commitment to a comprehensive refurbishment and energy upgrades, we’re ensuring that AirHop’s new site is both comfortable and sustainable, ready to welcome local families and visitors alike. We look forward to seeing the positive impact this new attraction will have.”

Toby Saul, Director at Clearbell Capital

We’re thrilled to be returning to the Tunbridge Wells community, building on the strong roots from our Go Jump In site in nearby Tonbridge. This new AirHop location marks an exciting milestone as our third launch in just 12 months, reflecting our commitment to bringing vibrant, fun-filled experiences to more families and young adults. We look forward to growing our AirHop community further, creating lively spaces where everyone can stay active, jump, play, and connect.” 

Tim McClure at AirHop

The Tunbridge Wells location will feature all of AirHop’s classic attractions and is expected to open Spring 2026 providing an engaging, active environment for residents and visitors alike. 

Clearbell was represented by Caxtons and AirHop was represented by Knight Frank. 

Clearbell Capital agrees sale of industrial units at LOC8 Maidstone to Aberdeen for £43.89m.

Clearbell Property Partners III LLP (Clearbell), a fund managed by private equity real estate fund management and advisory business Clearbell Capital LLP, has agreed a deal to sell four industrial units (B1-B4) at LOC8, Maidstone, to leading global investment company Aberdeen.

The sale, which completed at £43.89 million, reflects a net initial yield of 4.84% and a capital value of £230 per square foot. The transaction demonstrates continued institutional demand for best-in-class industrial and logistics assets that combine strategic location, high-quality specification and strong ESG performance.

The four units, totalling 190,839 sq ft, are home to a diverse mix of national occupiers including Zehnder Group UK Limited, Envirotainer Limited and Medequip Assistive Technology Limited. All units have been built to BREEAM “Excellent” standard and have secured EPC A+ ratings. The units also feature sustainable infrastructure including solar PVs, EV charging points and gas-free design.

Located directly off Junction 8 of the M20, LOC8 offers immediate access to one of the UK’s most vital logistics corridors, providing direct connectivity to London, the M25, and the Channel Tunnel and ferry ports at Folkestone and Dover. This strategic positioning has driven exceptional leasing activity across the wider development, with strong demand from both regional and national businesses.

The sale reflects the successful delivery of Clearbell’s business plan for this phase of the estate, following the strategic pre-letting of three of the four units prior to practical completion in December 2024 and the subsequent letting of the final unit to Medequip in mid-2025 at £14.00 per square foot. Following the sale of these four units, Clearbell will continue to retain ownership of the rest of the scheme and overall responsibility for future development of the site’s remaining plots.

This transaction demonstrates the quality of what we’ve delivered at LOC8 – a sustainable, strategically located development with a strong and varied tenant base. We’re pleased to have executed our business plan for units B1-B4 and to welcome Aberdeen to LOC8. Their approach to long-term asset management and focus on sustainable, occupier-focused investment mirrors our own strategy, which is particularly important as we’ll both be managing different parts of the estate. This alignment will support the continued success of the park and the diverse businesses that call it home.

“The park continues to attract exceptional demand, and we remain committed to supporting the growth of businesses across the remaining phases of the development.”

Toby Saul, Director at Clearbell Capital

“The sale generated strong investor interest at a time when there were very few core, multi-let logistics assets available to acquire.  The property proved attractive due its connectivity, strong ESG credentials and reversionary rents resulting from a strong performance in the North Kent occupational market through the last 24 months. It was great to work with Clearbell, Aberdeen and SBY.”

Nick Ogden, Partner at Newmark

The sale follows strong leasing momentum across the wider LOC8 development. Phase one achieved 91% pre-letting, while phase two is now 75% let or under offer. Only two units remain available, with strong interest in both.

LOC8 benefits from a population of 700,000 within a 30-minute drive and 3 million within an hour’s drive, providing occupiers with access to a large, skilled labour pool. The development features over 3,000 solar panels across the estate, 28,000 newly planted trees, and the UK’s first on-site HGV EV charging station.

Clearbell was advised by Newmark. Aberdeen was advised by SBY.

Clearbell welcomes three new tenants to historic Kodak building.

Clearbell Property Partners III LP (Clearbell), a fund managed by Clearbell Capital LLP, has confirmed three new lettings at the iconic Kodak Building on London’s Kingsway, marking significant leasing progress following the building’s extensive 2024 refurbishment.

IAB UK, a not-for-profit company representing hundreds of digital advertising businesses, has secured 2,761 sq ft of prime space under a 10-year lease term. The company, which helps its members to tackle industry problems and pursue growth through digital advertising, relocated to Kodak from another Covent Garden workspace, representing a step to take advantage of a more sustainable space.

JAA (John Ayling & Associates), an independent media agency that was founded in 1978, has taken 8,144 sq ft on the sixth floor. This is under a 10-year lease term, including a fifth-year tenant break option.

The new arrivals strengthen the emergence of a central London hub for digital media and advertising businesses within the Kodak Building’s diverse tenant mix. IAB UK and JAA join existing tenants Curzon, PubMatic and Reddit. 

Office staff will now also be close to high-quality Japanese dining concept Omusubi, which has taken 1,856 sq ft of ground floor space, enriching the building’s ground floor retail and dining options and reflecting Clearbell’s focus on curating a tenant mix that enhances the overall building experience.

Originally built in 1911 as the UK HQ of iconic photography pioneers, Kodak, the Grade II listed building holds the distinction of being London’s first purpose-built, open-plan office block, complete with ancillary labs and photographic rooms. In 2024, the building underwent an extensive redevelopment and repositioning by Clearbell to bring new life into its historic shell. It now comprises 70,000 sq ft of Grade A office accommodation set over eight stories.

Sustainability was a key focus of the redevelopment, exemplified through its achievement of an EPC rating of A, despite being Grade II listed, a BREEAM ‘Excellent’ rating and a WELL Gold certification.

Customers will also benefit from several well-being focussed amenities such as bike racks, showers and lockers, increased access to natural light and communal outdoor space on the building’s expansive roof terrace. 

There is now just 17,187 sq ft of space across two floors available to rent at Kodak.

These lettings show the value of our investment approach. We acquired the Kodak Building when it was substantially vacant, invested in a comprehensive refurbishment with sustainability at its core and have carefully curated a complementary tenant community.

IAB UK and JAA join our growing cluster of media and digital advertising expertise alongside Reddit and PubMatic, while Omusubi enhances the building’s offering for all our office occupiers. It’s the same asset management approach we’re applying across our portfolio.

The Kodak Building’s success demonstrates that you can honour London’s architectural heritage while delivering the modern, sustainable workplaces that tenants want.”

Ben Tolhurst, Asset Management Director

This relocation represents a natural progression for JAA. We’ve always punched above our weight and our new, open and dynamic space will further fuel creativity, collaboration and innovation. The Kodak building reflects our ethos of continuous growth and trusted experience; blending old and new. It’s a space that matches the energy, talent and ambition defining the agency for today and the future.”

Richard Temple, CEO of JAA

Clearbell was represented by Knight Frank and Farebrother.

Clearbell & Deva acquire three more logisitics assets.

Clearbell Property Partners IV LP (Clearbell), a fund managed by private equity real estate fund management and advisory business Clearbell Capital LLP, alongside its joint venture partner Deva Capital, the real estate and corporate capital solutions investment arm of Santander Alternative Investments, has acquired three further strategic industrial and logistics assets equalling 150,000 sq ft across the Midlands and South of England.

The sites are located in Maidenhead, Cannock and Swindon and have been purchased from an institutional investor. This follows four acquisitions announced last month, bringing the joint venture’s total 2025 investment to 800k sq ft over eight individual transactions.

In Maidenhead, the joint venture has acquired six industrial units at Cordwallis Industrial Estate (28,741 sq ft) which are currently let to four businesses with two units vacant. With half of the space coming up for renewal over the next two and a half years, the site offers strong potential for repositioning and income growth. Planned ESG improvements include reroofing and heating related upgrades.

At The Orbital Centre in Cannock, the newly purchased units 5A-5B (54,341 sq ft) have a lease event in early 2026, presenting a prime opportunity for repositioning.

Finally in Swindon, the joint venture has acquired a modern warehouse and office facility at Athena Avenue, Elgin Industrial Estate (67,391 sq ft). The site currently serves as UK headquarters for Robnor Resinlab Limited, a manufacturer of specialist resin systems. The business recently renewed its lease for 10 years, providing secure long-term income.

The acquisitions follow the launch, and recent upsizing, of the Clearbell and Deva £250m logistics joint venture platform, targeting value-accretive assets in UK markets. By acquiring warehouses majority below replacement cost and executing ESG upgrades, the platform delivers quality space to under-supplied markets, aligning operational efficiency with sustainability to drive long-term value creation for both tenants and investors.

This acquisition demonstrates the breadth of our investment strategy and the opportunities we’re finding across different logistics sub-sectors. From urban multi-let repositioning in Maidenhead, to mid-box properties in the Midlands, to secure income from an established headquarters operation in Swindon – we’re building a diversified portfolio with multiple value drivers. We were thrilled to close out 2025 with this acquisition and look forward to doing more in 2026.”

Rob Cole, Investment Director at Clearbell Capital

Clearbell and Deva were advised by Newmark and the vendor by Index.

Clearbell and Deva Capital expand £250m UK logistics platform with four strategic acquisitions totaling c. £35m.

Clearbell Property Partners IV LP (Clearbell), a fund managed by private equity real estate fund management and advisory business Clearbell Capital LLP, alongside its joint venture partner Deva Capital, the real estate and corporate capital solutions investment arm of Santander Alternative Investments, has expanded its UK logistics portfolio with four strategic acquisitions totaling over 245,000 sq ft.

The assets, located in Bermondsey, Oxford, Rotherham and Sevenoaks, have been purchased from separate vendors and represent further progress toward the joint venture’s target £250m UK multi-let logistics strategy, focused on repositioning and modernising industrial assets through targeted ESG enhancements.

Bermondsey: Galleywall Trading Estate (38,000 sq ft) is fully let to FedEx until March 2026. The Zone 2 asset’s central location provides excellent connectivity, and its three-bay warehouse featuring offices and a large self-contained yard with HGV access represents a rarity for a central London location. The asset will undergo a comprehensive refurbishment targeting an EPC A rating.

Oxford: Unit B Langford Locks (38,000 sq ft), acquired with vacant possession, includes an adjoining 1.3-acre car park and 50m yard. Refurbishment works will remove the racking and mezzanine systems before being re-let. The site is well placed to capture robust occupier demand in Oxford’s undersupplied industrial market.

Sevenoaks: Mill Place, (80,000 sq ft), a multi-let property let to seven tenants will undergo phased refurbishment including re-roofing in several units and energy efficiency upgrades to improve occupational performance and sustainability.

Rotherham: Bessemer Way, (89,000 sq ft) will be let to SCX Special Projects on a new 15-year lease. The unit already benefits from an EPC B rating, with the business planning to include PV on the roof subject to tenant demand.

The acquisitions follow the launch, and recent upsizing, of the Clearbell-Deva £250m logistics joint venture platform, targeting value-accretive assets in UK markets. By acquiring warehouses majority below replacement cost and executing ESG-driven upgrades, the platform delivers high-quality space to under-supplied markets, aligning operational efficiency with sustainability to drive long-term value creation for both tenants and investors.

Strong occupier demand across the platform

Leasing activity remains strong, with two new lettings secured at existing sites in Bournemouth and Cardiff.

At Glynstell Park, Cardiff, Ninja Warrior (re-opening as FunParx) has agreed a 15-year lease for an 18,000 sq ft unit and will now be open all day long, appealing to a wider target audience. Located on Hadfield Road, the 101,000 sq ft asset benefits from proximity to Cardiff city centre.

At Alpha 31, Bournemouth, Print Dimensions has agreed to take 13,000 sq ft across three units on a six-year lease.

These four acquisitions demonstrate the strength and momentum of our partnership with Deva Capital, as well as the depth of opportunity across UK logistics. We continue to build a diversified, well-located portfolio with a balanced mix of income-producing assets and properties with clear repositioning potential. Each asset presents a compelling opportunity to drive value through sustainability-led enhancement.”

Rob West, Managing Partner at Clearbell Capital

These recent acquisitions further scale our target £250m logistics platform with Clearbell and enhance the diversification of our strategy. Each asset offers attractive value-creation potential alongside ESG-driven improvement and building upgrades. The UK light-industrial market remains a high-conviction theme for Deva and the wider Santander Alternative Investments platform.

Catherine Hong, Managing Director at Deva Capital

Clearbell and Deva were advised by Lambert Smith Hampton on the Bermondsey acquisition, Allsops for Oxford, Lewis Ellis for Sevenoaks and CPP for Rotherham.

Vendors were advised by Aitchison Raffety on Bermondsey, Carter Jonas on Oxford, Savills on Sevenoaks and Rotherham was unrepresented.