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.