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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.
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Clearbell’s Nottingham city centre office fully let following comprehensive refurbishment.
Clearbell UK Strategic Trust (CST), advised by Clearbell Capital LLP, has completed the full letting of 55 Maid Marian Way in Nottingham, following the agreement of a new lease with one of the UK’s leading education recruitment agencies Affinity Workforce Solutions.
Affinity Workforce specialises in supplying temporary and long-term teaching and support staff to primary, secondary and SEND schools, as well as colleges, universities and prisons. The organisation has taken 2,881 sq ft of office space on a five-year lease, meaning the property now stands fully occupied across its five floors totalling over 14,600 sq ft.
The firm’s new workspace achieved an EPC B rating following a comprehensive refurbishment. Works included installing energy-efficient LED lighting throughout, new carpets, adding a fully equipped kitchenette and a roof terrace that staff can access. Additional improvements include a new suspended ceiling grid and fully refurbished toilets, while the buildings rear stairwell has also been upgraded.
Affinity Workforce joins an established community of occupiers at the leading workspace, including global recruitment consultancy Metric Search and wealth management platform FNZ UK.
Located on one of the main thoroughfares of Nottingham, Maid Marian Way is within walking distance of the central Market Square and close to all major transport routes, including tram, bus and road access out of the city centre.
The successful letting reflects broader positive sentiment in regional office markets, where Clearbell has been actively investing across its fund portfolios. This aligns with renewed occupier demand in prime city centre locations, as UK-wide office take-up reached 20.3 million sq ft in Q2 2025 – the highest in three years, according to CBRE. Clearbell UK Strategic Trust (CST), a Trust advised by Clearbell Capital LLP, has completed the full letting of 55 Maid Marian Way in Nottingham, following the agreement of a new lease with one of the UK’s leading education recruitment agencies Affinity Workforce Solutions.
Affinity Workforce specialises in supplying temporary and long-term teaching and support staff to primary, secondary and SEND schools, as well as colleges, universities and prisons. The organisation has taken 2,881 sq ft of office space on a five-year lease, meaning the property now stands fully occupied across its five floors totalling over 14,600 sq ft.
The firm’s new workspace achieved an EPC B rating following a comprehensive refurbishment. Works included installing energy-efficient LED lighting throughout, new carpets, adding a fully equipped kitchenette and a roof terrace that staff can access. Additional improvements include a new suspended ceiling grid and fully refurbished toilets, while the buildings rear stairwell has also been upgraded.
Affinity Workforce joins an established community of occupiers at the leading workspace, including global recruitment consultancy Metric Search and wealth management platform FNZ UK.
Located on one of the main thoroughfares of Nottingham, Maid Marian Way is within walking distance of the central Market Square and close to all major transport routes, including tram, bus and road access out of the city centre.
The successful letting reflects broader positive sentiment in regional office markets, where Clearbell has been actively investing across its fund portfolios. This aligns with renewed occupier demand in prime city centre locations, as UK-wide office take-up reached 20.3 million sq ft in Q2 2025 – the highest in three years, according to CBRE.
Achieving full occupation at Maid Marian Way demonstrates the success of our comprehensive refurbishment programme and hands-on approach to asset management, which continues to create exceptional working environments that deliver strong results for our investors.
We’re delighted to welcome Affinity Workforce Solutions to the building and look forward to supporting their business as they establish themselves in this prime city centre location.”
Rhys Jones, Asset Manager at Clearbell Capital
Achieving full occupation at Maid Marian Way demonstrates the success of our comprehensive refurbishment programme and hands-on approach to asset management, which continues to create exceptional working environments that deliver strong results for our investors.
We’re delighted to welcome Affinity Workforce Solutions to the building and look forward to supporting their business as they establish themselves in this prime city centre location.”
Esme Bianchi-Barry, CEO at Affinity Workforce Solutions
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Clearbell secures 10 – year lease with ATAC Solutions at LOC8 logistics scheme in Maidstone.
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 10-year lease with ATAC Solutions for an additional 25,811 sq ft unit at LOC8, Maidstone.
An Axius Water company, ATAC Solutions delivers advanced, sustainable water and wastewater treatment solutions across the UK. It specialises in biological treatment systems and tertiary filtration, helping clients to meet discharge consents and environmental targets.
The letting marks a significant expansion for the leading environmental services company, bringing its total footprint at LOC8 to 38,156 sq ft. The additional space will enable ATAC Solutions to increase manufacturing capacity for its nutrients removal systems, improve equipment storage and deployment logistics, and expand research and development capabilities for sustainable treatment technologies.
The letting also follows strong leasing momentum at the park, with only two units remaining in phase two, which reached practical completion in December last year. ATAC Solutions is one of a diverse range of occupiers including Technical Fixing Solutions, Hitachi, Huws Gray and Ocura Healthcare. Each business brings distinct expertise to the park, contributing to a dynamic business ecosystem, further reinforcing LOC8’s position as one of Maidstone’s leading destinations for employment.
All phase two units have been built to BREEAM “Excellent” standard, achieving EPC A+ ratings, with sustainable features such as solar PVs, EV charging points and gas-free infrastructure. These features reflect Clearbell’s wider commitment to embedding ESG principles into its investment approach, with energy efficiency and sustainable design central to both asset management and value creation.
It’s fantastic to see a local business accelerating their growth journey. ATAC Solution’s decision to expand at LOC8 is not only a testament to the strength of the South East business community, but also the quality and appeal of the proposition we offer, combining high-quality, sustainable space with a thriving occupier network. This letting aligns with our long-term vision for LOC8 as a strategic employment hub for the South East, and we look forward to supporting more businesses as they scale.”
Toby Saul, Director at Clearbell Capital
Expanding at LOC8 gives us the perfect base to scale up our operations, deliver more projects nationwide, and invest in the next generation of water treatment technology. With increasing demand for nutrient removal systems to protect our rivers and waterways, this new facility ensures we can respond quickly, efficiently, and sustainably to our clients’ needs.”
Adam Colley, Managing Director at ATAC Solutions
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Clearbell welcomes two major restaurants to Durham’s Riverwalk.
Clearbell Property Partners II LP (Clearbell), a fund managed by private equity real estate fund management and advisory business Clearbell Capital LLP, has completed two new lettings at The Riverwalk in Durham as part of its strategy to bring curated and exciting social dining experiences to visitors.
Veeno, the authentic Italian wine bar chain, has taken a 15-year lease on a new 3,130 sq ft space. This marks the latest step in the brand’s growth, adding a sixth location to its portfolio across the UK, which includes bars in Leeds, Bristol and Edinburgh.
Known for offering a true Italian aperitivo experience, Veeno’s menu features a wide selection of wines sourced from the family-owned Caruso & Minini vineyard in Sicily, alongside traditional Italian cured meats, cheeses, fresh pasta and pizza. The new venue, anticipated to open in August will also host wine-tasting events, offering customers an immersive social dining experience.
After over 2 years in Walkergate, Rio Brazilian Steakhouse are well established within the city and will be moving to a new prime 7,663 sq ft restaurant at The Riverwalk. Offering almost twice the seating capacity alongside stunning riverside and Cathedral views.
Rio will take visitors on a culinary journey into the Tijuca Urban Forest that surrounds Rio de Janeiro, with planted walls and flowered ceilings towering high above a traditional Brazilian Churrasco dining experience. Their specially trained Gaucho Chefs are on hand to serve exquisite meat cuts that are continuously carved at the table in an authentic Rodizio style.
Overlooking the River Wear with views of Durham’s historic cathedral and castle, Riverwalk is a vibrant retail and leisure destination home to a mix of national and independent brands. Clearbell has managed the centre since acquiring the 250,000 sq ft site in 2014.
Veeno and Rio will join a number of well-known restaurants at Durham’s Riverwalk, including Zaap Thai, Cosy Club, El Pincho tapas bar, and Turtle Bay.
Welcoming both Veeno and Rio to Riverwalk is a significant milestone in the evolution of the centre. Their unique take on social dining will bring something new and exciting, adding a greater variety and choice for our visitors. These new openings will not only enhance the customer experience but also represent a real vote of confidence in Durham’s vibrant hospitality scene. They complement the growing mix of independent and national brands we have curated at Riverwalk, reinforcing its position as a dynamic destination in the city.”
Toby Saul, Director at Clearbell Capital
Dan Lewis, Veeno, added:
We’re excited to open our new location at Riverwalk in Durham and to work with Clearbell on this journey. This space will allow us to bring the taste of Italy to the heart of Durham, creating a warm and inviting atmosphere where people can gather and share quality dining experiences.”
Howard Ecclestone, Rio’s, added:
Durham is a city full of culture and vibrancy, and Riverwalk offers the perfect setting for our next chapter. We look forward to introducing visitors to our traditional Brazilian Churrasco dining experience.”
Adam Hall, Director, Tandem Property Asset Management:
As property managers of The Riverwalk, Durham we delighted to welcome Veeno Wine Bar & Kitchen and Rio Brazilian Steakhouse. It’s great to see that, despite the challenging economic conditions, demand for space on The Riverwalk remains strong from high quality restauranteurs.”
Richard Simmons, RSA acted for Veeno, Pudney Shuttleworth and Rawstron Johnson act for Clearbell at The Riverwalk.
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Clearbell & Deva expand logistics portfolio with acquistions in Cardiff & Glossop.
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, have acquired two multi-let industrial assets – Glynstell Park in Cardiff and Glossop Brook Business Park in Derbyshire. The acquisitions form part of the JV’s ongoing logistics strategy, which focuses on identifying assets with strong fundamentals, value-add potential and opportunities for ESG-led enhancements.
Glynstell Park, Cardiff comprises eight units totalling 101k sq ft and is currently let to four occupiers. Located on Hadfield Road, the site benefits from close proximity to Cardiff city centre and occupies a site of nearly six acres with tenants including Selco, Wilkinton and M&P Direct. The property was extensively refurbished in 2017 and presents an opportunity to drive further value through sustainability-focused asset management, including the removal of gas infrastructure and the upgrading of EPC ratings to meet evolving environmental standards.
Glossop Brook Business Park totals 81k sq ft across 19 units and is currently occupied by 10 tenants. Situated in Glossop, east of Manchester, the business park aligns with Clearbell’s strategy of acquiring industrial assets below replacement cost in supply-constrained markets. Clearbell intends to improve EPC ratings across the site to at least a B or higher, supporting long-term resilience and enhancing environmental performance in line with industry standards.
Both acquisitions add to Clearbell’s growing logistics portfolio and demonstrate the continued appetite for high-quality multi-let industrial space in well-connected regional locations. The planned improvements across both sites will support occupier needs and ensure the assets remain fit for purpose as sustainability expectations continue to evolve.
These acquisitions are a strong addition to our logistics portfolio, reflecting our continued focus on well-located, multi-let industrial assets that offer long-term potential. With scope for targeted sustainability improvements and alignment to modern occupier needs, both Cardiff and Glossop support our strategy of delivering future-ready space across regional markets.”
Rob Cole, Senior Investment Manager at Clearbell Capital
Clearbell was represented by Lewis Ellis on Cardiff, and Cortex Partners & Fletcher Morgan advised the vendor, Ashfield Land. Index Real Estate advised Clearbell on Glossop, while Northcap acted for the vendor.
Glynstell Park represents a high-quality industrial asset in a UK capital city. We’re pleased to have supported Clearbell on this acquisition, which offer clear opportunities to enhance building performance and meet the evolving priorities of the occupier market.”
Julian Gallagher, Partner at Lewis Ellis
Index Real Estate were pleased to advise Clearbell on this latest acquisition. Glossop Brook Business Park provides a modern industrial estate with strong fundamentals and excellent scope to drive performance through proactive asset management.”
Tom Homan, Director at Index Real Estate
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Clearbell expands logistics portfolio with new joint venture & key acquisitions across the UK.
Clearbell Property Partners IV LP (Clearbell), a fund managed by private equity real estate fund management and advisory business Clearbell Capital LLP, has expanded its logistics strategy by recapitalising its existing portfolio, acquiring new assets and implementing sustainability-led asset management.
As part of this expansion, Clearbell has entered into a joint venture with Deva Capital, a global alternative investment manager. The partnership will focus on driving the acquisition and repositioning of industrial assets across the UK, and delivering high-quality logistics spaces through ESG-led enhancements. The joint venture targets acquisitions for up to £150 million.
In December 2024, the new joint venture acquired an 18k sq ft industrial asset in West Byfleet. The site is currently occupied by Trustford, the UK’s largest Ford-dedicated dealer group, which operates a nationwide network of dealerships and service centres. The acquisition offers opportunities for future ESG-focused upgrades, including roof improvements and solar installations to improve the EPC rating.
The platform has also acquired Project Plus, a portfolio of two industrial assets totalling 179k sq ft across Gloucester and Manchester. The portfolio has opportunities to improve the ESG credentials, as well as regearing leases with the existing tenants, which include Severn Glocon in Gloucester, as well as Royal Mail Group and Wilkinson Star in Manchester.
Alongside these asset purchases, Clearbell has successfully completed a major refurbishment at a key industrial site, Coventry78, to enhance its sustainability and operational efficiency. The upgrades include the installation of LED lighting, replacing the gas heating system with an electric alternative in the office accommodation, and the addition of EV charging points. To further enhance its ESG credentials, a 400 kWp photovoltaic (PV) system is being installed, which, along with the completed works, will achieve an EPC A+ rating for the asset.
The Deva Capital joint venture, Project Plus and West Byfleet acquisitions, along with the Coventry78 refurbishment, all form part of Clearbell’s long-term strategy to enhance and grow its UK logistics portfolio. By acquiring warehouses below replacement cost and implementing ESG-led improvements, the portfolio delivers high-quality industrial space to under-supplied markets, aligning operational efficiency with sustainability to drive long-term value creation for both tenants and investors.
Clearbell was represented by Lewis Ellis in the West Byfleet and Project Plus acquisitions.
Our joint venture with Deva Capital allows us to build further momentum in our logistics strategy, expanding our ability to acquire and reposition industrial assets in key locations. We are excited to develop this new partnership and keep unlocking further acquisition opportunities in near future. The acquisition of Project Plus and West Byfleet strengthens our portfolio with high-quality, well-located assets that offer strong rental growth potential. Meanwhile, our focus on ESG-led improvements, as seen with the Coventry78 refurbishment, ensures that we’re enhancing sustainability while meeting occupier demand.”
Rob Cole, Senior Investment Manager at Clearbell Capital
We are delighted to have advised Clearbell on the acquisition of Project Plus and the Ford Retail warehouse in West Byfleet. Project Plus comprises a portfolio of reversionary urban logistics assets located in Manchester and Gloucester. West Byfleet comprises a single let warehouse in an excellent location adjacent to the M25. All of the properties present a fantastic opportunity to improve ESG credentials and bring the units in line with modern institutional standards.”
Julian Gallagher, Partner at Lewis Ellis
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Clearbell fully lets Brownlow Yard.
Clearbell secured a new letting for the final available space with Gulf Keystone Petroleum (UK) Limited (GKP). GKP join a diverse range of tenants at Brownlow Yard including, planning consultants, music publishers, sports managers and a communications agency.
Since acquiring the building in 2019, Clearbell has overseen a comprehensive refurbishment and extension of the building turning it into a high-spec office space. As well as a CAT A+ fit-outs of the first, second and third floors – the first of which was delivered in collaboration with fit-out specialists Studio 11 – Clearbell has worked to reposition the courtyard, improve shower and changing room facilities and upgrade the building’s bike storage. The improvements have enabled Clearbell to significantly increase rental income at Brownlow Yard over the past five years.
As well as substantial amenity upgrades, which included much improved meetings rooms, workstations, breakout rooms, a lounge area and kitchen, Clearbell’s proactive approach to asset management has delivered an improved energy efficiency certificate of EPC B. Central to the improvements has been the installation of a new dedicated heat recovery heating/cooling VRF systems to serve each floor, as well as LED lighting.
Situated in Bloomsbury, London’s thriving fashion, culture and intellectual heart, Brownlow Yard is well-served by a range of restaurants, bars, cafes and retailers. The building is also well-connected, being only a short walk from key transport hubs of Kings Cross and St Pancras Stations, as well as being only a 10-minute walk from access to the Elizabeth Line at Farringdon Underground Station.
Fully letting Brownlow Yard is a reflection of the exceptional spaces we’ve been able to deliver as part of our upgrades to this scheme. The high-quality of finish has really made it stand out against other offices that have recently undergone similar CAT A+ fit-outs. Coupled with Bloomsbury’s unique proposition as a thriving neighbourhood with enviable amenities and it’s clear why the space has proved to be a real draw for tenants. We’re excited to be working with our new tenants, GKP, providing them with a great space.”
Camilla Powell-Tuck, Associate Director at Clearbell Capital
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Clearbell completes sale of Cannock retail park to British Land.
Spanning 123,215 sq ft of retail space across 11 stores in two terraces, the retail park is ideally positioned close to the major M6 Toll road, A460 and popular West Midlands Designer Outlet. It is also adjacent to a Sainsburys superstore and the Gateway Retail Park, providing strong levels of regular footfall.
It is let to a diverse mix of national retailers following a period of active asset management from Clearbell. Most recently, the firm agreed two new lettings to Tapi and Flooring Superstore, while other recent entrants to the park include leading discount supermarket, Aldi and value health club, Pure Gym. M&S Foodhall, Boots and Pets at Home are also key tenants of the scheme. Flooring specialists, Tapi, agreed to lease 10,000 sq ft, while Flooring Superstore has taken c.4,000 sq ft.
The rental value at the Park has recently increased from £17 psf to £20 psf, demonstrated by the final letting to Tapi during Clearbell’s ownership.
British Land are taking forward the asset management of the scheme and are in advanced discussions with a top national multiple to have a new flagship unit in the current Homebase store. This will further drive rental tone and footfall.
Over the last four years of ownership, we have worked to continuously improve the tenant mix at Orbital. Through this active asset management strategy, we have been able to secure several strong new tenants, including anchor tenant Aldi, that has seen footfall increase consistently. We are very pleased to have been able to sell to British Land who have the experience and expertise to take the scheme forward.”
Toby Saul, Asset Management Director at Clearbell
This latest acquisition further solidifies our market leading position in retail parks as we continue to deliver on our strategy of recycling capital into this sub-sector. Retail parks remain the preferred physical retail format for an increasing number of retailers due to their affordability, adaptability and accessibility. We are nearly fully let across our parks portfolio and continue to see strong competition for this type of space.”
Kelly Cleveland, Head of Real Estate and Investment at British Land
Clearbell was advised by KLM Real Estate, while British Land was advised by Morgan Williams.
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Leading UK-based publisher Thames & Hudson relocates to revitalised 6–24 Britannia Street in London’s King’s Cross.
Clearbell UK Strategic Trust (CST or Clearbell), a Trust advised by Clearbell Capital, has successfully secured global publishing company, Thames & Hudson, as a new occupant at 6-24 Britannia Street, Kings’ Cross.
Thames & Hudson completed their lease of the 15,000 sq ft of prime office space on a 10-year lease term within 2 months of practical completion. This significant leasing milestone is testament to the design, quality and location of 6 – 24 Britannia Street property following its extensive refurbishment.
The recent transformation of Britannia Street, designed by Stanton Williams, has modernised and enhanced the building’s functionality and amenities. A new timber mezzanine floor has increased space, and Crittall style windows have enhanced the natural light and insulation. Energy-efficient LED lighting and air conditioning systems have also been installed to create a more comfortable and sustainable working environment and achieve an EPC A. Modern WCs, showers, bike storage facilities, and a serene courtyard further enhance the occupant experience, promoting a healthy and active lifestyle for employees.
Britannia Street, formerly a commercial art gallery and office building, is located close to King’s Cross station, providing businesses with convenient access to the city’s best connected transport hub. Other tenants in the building include fashion retailer Diesel, occupying approximately 3,800 sq ft on the first floor.
We are delighted to welcome Thames & Hudson to the refurbished Britannia Street. This lease agreement is a testament to the building’s enhanced appeal and our commitment to creating sustainable and high-quality office spaces.
“The renovation has transformed the former Gagosian Gallery building into a vibrant, contemporary workspace that not only preserves its historical charm but also meets the highest standards of modern office requirements. We have meticulously designed every aspect of the refurbishment to prioritise occupant comfort, sustainability, and wellbeing, ensuring Britannia Street remains a premier destination for businesses seeking a dynamic work environment in the heart of London.”
Alice Murray, Head of Asset Management & Sustainability at Clearbell Capital
Moving into a gallery space is a fitting evolution for a publisher with strong links to the visual arts. We are pleased to be investing in our future with this move to Britannia Street and look forward to seeing the reimagining of the space reach completion.”
Sophy Thompson, CEO at Thames & Hudson
Thames & Hudson’s relocation from their previous offices at 181A High Holborn reflects their evolving operational needs and commitment to providing an enhanced workspace for their employees.
Clearbell was represented by Compton and Savills. Thames & Hudson was represented by Pilcher London.
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Clearbell completes phase two of LOC8 Maidstone, with technical fixings solutions becoming latest occupier to join the scheme.
Clearbell Property Partners III LP (Clearbell), a fund managed by private equity real estate fund management and advisory business Clearbell Capital LLP, has announced the practical completion of phase two at LOC8, a multi-let industrial estate situated at Junction 8 of the M20 in Maidstone. This latest phase adds 186,900 sq ft of high-specification, sustainable industrial and logistics space across seven units, strengthening LOC8’s position as a key industrial hub in the South East.
Technical Fixings Solutions, a supplier of construction fixings, is the latest to secure space in phase 2, taking 15,600 sq ft. They join previously confirmed occupiers, including Nivek Catering Supplies, who have taken 20,700 sq ft to support its commercial kitchen equipment distribution, Huws Gray, a builders’ merchant occupying 25,100 sq ft, and Ocura Healthcare, specialists in medical equipment, who have leased 31,500 sq ft. These businesses add to the estate’s diverse and thriving community, each contributing unique expertise and reinforcing LOC8’s reputation as Maidstone’s flagship employment site. Now there are just 3 units remaining to let ranging in size from 25,600 – 36,400 sq ft.
Each unit in phase two is built to a BREEAM “Excellent” standard, achieving EPC A+ ratings, with sustainable features such as solar PVs, EV charging points, and gas-free infrastructure. These high-performance specifications allow occupiers to run their operations on renewable energy generated on-site, contributing to cost savings and a reduced carbon footprint. In line with its commitment to environmental stewardship, LOC8 also includes extensive biodiversity initiatives, with 12 acres dedicated to natural habitats, nearly 28,000 new trees and shrubs and three wildlife ponds, achieving a 10% biodiversity net gain.
Phase one of LOC8, completed in May 2023, set a strong foundation for the estate with its environmentally friendly design and swift achievement of full occupancy. The uptake in phase one highlighted the demand for quality, sustainable industrial space in a strategic location, and provided a varied mix of occupiers across manufacturing, logistics, and technology.
Strategically located adjacent to Junction 8 of the M20 and with easy access to a broad regional workforce, LOC8 offers seamless connectivity to key trade routes, including the Thames and Channel Ports, Eurotunnel, and major logistics hubs across the South East. The estate also provides an electric bus service and cycle lane connecting to Maidstone town centre, further promoting its sustainable ethos.
The completion of phase two is a significant milestone for LOC8, and the recent uptake of almost 100,000 sq ft demonstrates the strong demand for modern, sustainable industrial spaces in this location. With only three units remaining, we expect interest to continue, particularly given the strategic positioning of the estate and its green credentials. As businesses increasingly prioritise sustainability, LOC8’s renewable energy features offer an attractive solution for occupiers looking to reduce their environmental impact and operating costs. We are proud to be providing a high-quality, future-proofed environment that supports a diverse range of businesses while fostering a more sustainable industrial sector in the South East.”
Toby Saul, Director at Clearbell Capital
We’re very excited to start this next chapter at Technical Fixings Solutions. Relocating to LOC8 is a key part of our continued growth, allowing us to work more efficiently and further enhance our already high standard of customer service.”
Alex Bevan, Operations Manager at Technical Fixings Solutions
Clearbell purchased the site in 2020 as part of its existing portfolio of multi-let and mid box industrial developments, to meet increasing demand for industrial and logistics assets, including from multinational corporations, manufacturers and logistics operators. Clearbell was advised by CBRE and Caxtons.