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