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

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

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

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.

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. 

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. 

Scotland’s commercial property market must embrace sustainability to thrive – Manish Chande.

Scotland’s commercial property market is undergoing a profound shift. Once seen as a ‘nice to have’, sustainability is now a non-negotiable requirement for occupiers. The increasing demand for environmentally responsible buildings is reshaping how developers approach office space, with sustainability no longer just a trend, but a fundamental part of the equation. However, this surge in demand for greener, more energy-efficient workspaces is hitting a significant roadblock – supply.

Across Scotland’s major cities, including Glasgow and Edinburgh, the availability of Grade A, sustainable office space is critically limited. In Glasgow, JLL’s Q3 2024 Big 6 report shows steady office take-up of 102,700 sq ft, but a constrained development pipeline is leaving occupiers with limited options. Similarly, in Edinburgh, leasing activity rebounded in Q3 with 167,300 sq ft transacted – a 48% increase on the previous quarter – driven by demand from the banking, finance and professional services sectors. Yet, high-quality space remains scarce, with Grade A vacancy at just 2.1%. The flight to quality is evident, with modern, sustainable buildings commanding high demand, while older stock struggles to meet growing sustainability standards.

This demand is reflected in the Royal Institution of Chartered Surveyors (RICS) Sustainability Report 2024, which found that 46% of respondents in Scotland reported a rise in occupier interest in green buildings over the past year. However, the same report highlights significant barriers to progress. High initial costs of sustainable construction were cited by 66% of respondents, while 31% pointed to a lack of government incentives and policy clarity. Furthermore, only 21% of respondents currently measure biodiversity on all projects, and 41% have yet to incorporate embodied carbon assessments into their work. These challenges highlight the need for a more strategic approach to sustainability across Scotland’s property market.

The role of sustainability in real estate

The importance of sustainable office space extends far beyond the property sector. With COP29 reigniting the global focus on climate change, Scotland must ensure its economy remains competitive on the international stage. Achieving the country’s ambitious net-zero targets for 2045 will require the real estate sector to play a central role in reducing emissions and adopting greener practices.

For businesses, the case for sustainable workspaces is equally compelling. As organisations strive to attract and retain top talent—particularly in sectors like technology and finance—offering modern, environmentally conscious office environments is becoming a key differentiator. Today’s workforce prioritises sustainability and wellbeing, and employers who fail to meet these expectations risk falling behind, both in the race for talent and in aligning with broader societal goals.

Green shoots in Glasgow

While the current supply of sustainable office space in Scotland is limited, there are green shoots beginning to emerge. One such example is the proposed redevelopment of One Five Zero St Vincent Street in Glasgow, a project by Clearbell that is set to create a new benchmark in the city’s office market. The plans for this redevelopment are not just about expanding the size of the building, but about redefining what sustainable office space can look like.

Set to deliver 146,492 sq ft of Grade A office space, the project is designed to achieve operational net-zero carbon and leading sustainability certifications, including BREEAM ‘Outstanding’ and NABERS 5*. It also places a strong emphasis on occupant wellbeing, with plans for ample green space, a dedicated wellness floor, an auditorium that will allow for town hall meetings and enhanced community feel, along with extensive bike storage and electric vehicle charging facilities. It’s a clear demonstration of what’s possible when sustainability is embedded at the core of development.

However, this development is not just an isolated example. It demonstrates the potential for future developments in Glasgow and beyond, where sustainability and design excellence come together to address both the demands of occupiers and the needs of the environment.

As sustainability continues to rise to the top of the corporate agenda, the demand for buildings that meet these standards will only increase. The businesses that can adapt to this demand and secure the right spaces will not only be leading the charge in the green economy, but they will also be positioning themselves for success in the competitive global marketplace.

Clearbell launches Blenheim Court office cluster in Solihull following refurbishment of Radcliffe House.

Clearbell Property Partners II LP (Clearbell), a fund managed by private equity real estate fund management and advisory business Clearbell Capital LLP, has today announced the practical completion of the refurbishment of Radcliffe House, one of two buildings within the Blenheim Court office scheme in Solihull town centre. Following the refurbishment, Blenheim Court has been launched for sale and is expected to attract interest from investors and developers alike.

Located strategically at the heart of Solihull, a thriving economic hub within the M42 corridor, Blenheim Court offers approximately 146,000 sq ft of office space. It comprises two principal office buildings – Radcliffe and Chadwick – arranged around a shared car park, communal landscaped gardens, and a separate Grade II listed nursery fronting Warwick Road.

Radcliffe House, offering 60,675 sq ft, has been refurbished to a Grade A specification, including new VRF heating and cooling systems, LED lighting, raised access floors and a feature reception. Chadwick House, comprising 83,483 sq ft, presents a unique opportunity for investors looking to add value, with potential for further refurbishment or residential conversion. Both buildings feature flexible, open-plan floorplates, with Chadwick’s larger layouts particularly suited to accommodate bigger tenants.

Clearbell has appointed Savills to manage the sale, with an asking price of £19 million for the freehold, reflecting a capital value of £130 per sq ft. The firm anticipates early interest due to the combination of stable rental income and the flexibility for future enhancements, including possible residential conversion.

Longstanding tenants at Blenheim Court include Legal & General, specialising in lifetime mortgage services; Ministry of Housing, Communities & Local Government; and Cadent Gas, the UK’s largest gas distribution network. Recent additions, such as Oracle, recognised for its enterprise software solutions, and Flutter, a global company in sports betting and gaming, underscore Blenheim Court’s growing appeal to both established institutions and innovative firms. Other new occupiers signed up at Blenheim Court post refurbishment include Exotech and Air IT. This tenant mix reinforces Blenheim Court’s position as a versatile and attractive business hub for a range of sectors.

Situated within Solihull’s affluent town centre, Blenheim Court benefits from excellent transport connectivity, including proximity to Solihull railway station, Birmingham International Airport, and the upcoming HS2 rail link, which will position Solihull as one of the UK’s best-connected towns.

The refurbishment of Radcliffe, Blenheim Court marks a significant milestone for this highly sought-after office scheme in the heart of Solihull. With significant works now complete and the scheme available to buy, we’re confident that the market will respond positively. Located within the M42 corridor, a prime office market known for strong demand and resilient rental growth, the site’s fully refurbished space and flexible layout options offer immediate appeal for a range of investors.”

Rhys Jones, Asset Manager at Clearbell Capital

As the Birmingham and M42 investment market continues to attract interest, Blenheim Court is well-positioned to capitalise on this momentum. The property’s versatility, with options for future enhancements or residential conversion, aligns well with investor demand for flexible assets that offer both immediate and long-term potential in a key-growth region.”

Nick Wood, Director at Savills

The sale of Blenheim Court reflects Clearbell’s commitment to delivering value-added investment opportunities in high-demand locations. Investors interested in exploring the future potential of this asset can request the brochure via Savills and are encouraged to contact Nick Wood (nick.wood@savills.com, +44 786 617 7811) for further information.

Clearbell launches one of Glasgow’s most sustainable redevelopments, ‘One Five Zero St Vincent Street, in major boost for Glasgow office market.

Clearbell Property Partners IV LP (Clearbell), a fund managed by private equity real estate fund management and advisory business Clearbell Capital LLP, is officially launching its major redevelopment at St Vincent Street, Glasgow, to the lettings market. Once completed, the c. £100m project is set to transform Glasgow’s office sector and aims to address the city’s shortage of high-quality, sustainable office spaces.

Located at a strategic corner in Glasgow’s city centre, at the heart of its Central Business District, One Five Zero St Vincent Street is minutes from Queen Street and Central Stations, with direct access to the M8. Originally constructed in 1976 and acquired by Clearbell in 2021, the building is undergoing a significant transformation, expanding from 70,000 sq ft to 146,492 sq ft over the basement, ground and nine upper storeys. The redevelopment is designed to address the growing demand for sustainable Grade A office space in Glasgow, where supply remains at historically low levels.

Sustainability has been integral to the design process from the outset. The project is aiming to be operationally net zero carbon and is targeting leading certifications, including WiredScore ‘Platinum’, SmartScore ‘Gold’, ActiveScore and WELL ready, as well being the first to use the NABERS rating (targeting 5*) and the first commercial BREEAM ‘Outstanding’ building in Glasgow. The retrofit will also focus on minimising the embodied carbon, through the retention and repurposing of the existing structure and superstructure. As a result, the upfront embodied carbon will be significantly lower compared to a traditional new build office. The building, which is targeting an EPC A rating, will be fully electric, with no reliance on fossil fuels, and will include a blue roof system to optimise rainwater drainage.

In addition to its sustainability credentials, the project is prioritising customer wellbeing and experience. Boasting the largest terrace space in the city at over 7,500 sq ft, One Five Zero St Vincent Street will provide extensive outdoor space for occupiers, including south-facing terraces and pocket parks at street level, creating much needed biodiverse green space in the city centre. A full floor of the building is dedicated to wellness, featuring a gym, yoga studio, library, and cinema, as well as an auditorium that will allow for town hall meetings and enhance the community feel, going far beyond what is currently provided within the city centre’s workspace and promoting collaboration and socialisation between businesses. In addition, extensive travel facilities are being installed including over 200 cycle storage spaces, e-bike and EV charging spaces, showers and lockers.

From the outset, sustainability has been our guiding principle for the redevelopment project of One Five Zero St Vincent Street. The Glasgow office market is undergoing significant change, with businesses demanding forward-thinking, energy-efficient workspaces that can meet modern needs. This project is designed to not only meet those demands but also set a new benchmark in the city. By combining sustainability with state-of-the-art amenities, we are creating a workspace that will attract progressive businesses and set a new standard for office developments in Glasgow, while also addressing the chronic undersupply that the city is currently facing.”

Manish Chande, senior partner at Clearbell Capital

Clearbell has appointed JLL and Avison Young as letting agents for the scheme.

One Five Zero St Vincent Street is unlike anything we’ve seen in the Glasgow office market before, so it’s incredibly exciting to be able to bring this opportunity to market. Once complete, the building will provide the ideal space for forward-thinking, employee-centric businesses looking to make their mark on the city.”

Alistair Reid, head of JLL Glasgow and director, national office agency

With high-quality workspace in scarce supply in the city at the moment, we have no doubt that One Five Zero St Vincent Street is going to be incredibly popular. There really isn’t anything else like this available in terms of quality, central location and access to skills and talent, and sustainability.”

Michael Facenna, director, agency and transactions, at Avison Young

The contractor for the scheme is bam. Advisors on the project include Sheppard Robson (architecture), Woolgar Hunter (engineering), iceni (planning consultant), Atelier 10 (M&E) and Adams Consulting Group (project manager).

To find out more about One Five Zero St Vincent Street, please visit: https://onefivezerosvs.com/

Bookstore with focus on female writers increases Durham footprint.

Founded by Durham local, Emma Hamlett, Collected Books will expand its premises from its current 820 sq ft plot to over 1,400 sq ft, after Clearbell Property Partners II LP (Clearbell) – a fund managed by private equity real estate fund management and advisory business Clearbell Capital LLP – agreed a new lease of the adjacent unit.

The growth follows Collected Books’ continued popularity since the opening of its first bricks and mortar shop in September 2022. The store’s in-house café-bar allows customers to enjoy a coffee or glass of wine and cake while they browse and readers can also attend monthly book and social clubs, as well as author ‘in conversation’ events and special late night shopping evenings with live DJs.

Collected Books is one of several retailers at the leisure destination, which overlooks the River Wear and boasts impressive views of Durham’s historic cathedral and castle. Clearbell purchased the 250,000 sq ft Riverwalk in 2014.

The success of Collected Books at the Riverwalk is testament to the continued importance of independent shops on the high street. The expansion of the store means that even more people will be able to access its huge range of literature. Listening to the needs of the Riverwalk’s customers is a key part of our active asset management, so it’s great to see demand for this shop driving growth.”

Toby Saul, Director at Clearbell Capital

Working with Clearbell on the next steps of Collected Books’ development has been a great experience. We’re excited to become even more immersed in Durham’s literary scene and look forward to exploring and enjoying the new opportunities to bring even more great reading, written by great women, that a larger store will create.”

Emma Hamlett, Founder of Collected Books