Clearbell and Barwood secure 440,000 sq ft logistics asset
Clearbell Property Partners III LP and Barwood Regional Property Growth Fund IV LP have acquired 440,000 sq ft of logistics space in Ellesmere Port.
The Clearbell majority-owned JV acquired the asset from Värde Partners, an alternative investment firm. The site is currently fully let to Jaguar Land Rover until June 2022 and is used by the company as a storage facility for their Halewood production centre.
The location has seen substantial improvements in recent years with investment into key infrastructure projects at the Port of Liverpool and Mersey Gateway Bridge. Ellesmere Port is an attractive logistics location and offers a cost-effective alternative to other regional industrial centres that are reaching saturation.
Joseph Bridger, Investment Director at Clearbell Capital, says: “The medium-term impact of Brexit and the Pandemic will continue to drive strong demand for the sector.
“Large logistics assets of this size and scale are rare. On expiry of the lease, the asset will offer immediate and quality space to a supply starved market.”
Clearbell Property Partners III LP is a fund managed by Clearbell Capital LLP, and Barwood Regional Property Growth Fund IV LP is a fund managed by Barwood Capital.
Clearbell and Barwood were advised by CBRE and Moriarty & Co. Värde was advised by DTRE and APAM.