East Midlands Clearbell And Deva Expand Logistics Portfolio with Acquisitions in Cardiff and Glossop •
Clearbell and Deva Capital JV acquire two multi-let industrial sites in Cardiff and Glossop as part of its UK logistics strategy.
• The acquisitions total 181k sq ft across 27 units, with upgrades planned to enhance energy performance.
• Both sites align with the JV’s focus on well-located assets offering long-term potential and ESG-led value creation.
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.
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-con- strained markets.
Clearbell intends to improve EPC ratings across the site to at least a B or higher, supporting long-term resilience and enhancing environ- mental 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 expecta- tions continue to evolve.
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.
Jomast secures third tenant at Elder Way as regeneration goes from strength-to-strength
Elder Way, Jomast’s premier leisure and retail development in Chesterfield town centre, continues to go from strength-to-strength after welcoming its latest tenant.
Feather & Fern, a luxury hair and beauty salon, has opened on Knifesmithgate, taking a 1,636sq. ft unit in the former Co-op depart- ment store.
Feather & Fern is the third business to join the prominent regenera- tion scheme, with the neighbouring unit also under offer.
The opening of the 10-chair hair salon – Chesterfield’s largest, marks the third tenant for the development’s street level units which have been developed by regeneration specialist Jomast.
Elder Way also boasts the successful ‘Hotel of the Year 2025’ Premier Inn on the upper floors of the development.
Owners Kerry Featherstone and Sara Fern agreed the 10-year lease with the scheme’s agent WSB Property Consultants in February ear- lier this year.
They have since undertaken a nine-week transformation of the unit.
Mark Hill, Jomast’s Commercial Property Director said: “Since welcom- ing the first tenant to Elder Way last year, the scheme has gathered significant momentum. We are thrilled to welcome Feather & Fern to the Elder Way development. This new luxury hair salon is a fantastic addition to the vibrant community we are building here.”
Feather & Fern now joins Hotpod Yoga and award-winning bar and restaurant Bottle and Thyme at Elder Way who both opened in the scheme last year. Five street-level A3/A4 units now remain at Elder Way, ranging from1,109sq. ft – 4,704sq. ft. The units offer a prom- inent location in the town centre as well as a blank canvas for pro- spective tenants.
Elder Way, together with large-scale multi-million-pound public/pri- vate investment, has successfully regenerated a key gateway to the town centre. Investment in the area has included Northern Gateway Enterprise Centre, Saltergate multi-storey car park and, most recently, the opening of a £1. 4million mydentist practice.
Phase one complete at Stud Brook Business Park, Castle Donington
Clowes Developments together with construction contractor, TanRo, are pleased to announce that all units in phase one at Stud Brook Business Park have now achieved practical completion, and have been officially handed over to their new occupiers.
Industry leaders including Argon Medical, Bucher Municipal, Unilode, and Shawpak are either fully operational or finalising their fit outs, with plans to be fully operational by summer 2025.
Phase one features a range of high-spec industrial and distribution units from 8,500 to 30,000 sq ft.
Delivered on time and in line with a tight construction programme, the development overcame several challenges.
The project delivery was supported by a trusted professional team including IMA Architects, Millward Consulting Engineers, Geldards LLP, and Postins Project Services.
COMMERCIAL PROPERTY MONTHLY 2025
The completed buildings meet modern sustainability standards, including:
• BREEAM Excellent • EPC Rating A •
In line with Clowes ESG strategy, all units have been designed and built to deliver ‘Net Zero in Occupation’
Meanwhile, Roe Developments has commenced construction of Units 1B to 1F, which will comprise five new trade counter units, ranging from 3,229 to 4,606 sq ft.
The units will wrap around the now fully operational Starbucks Drive- Thru, located prominently at the front of the park.
Plot 1 also neighbours the newly opened Sainsbury’s Local, offering added convenience and footfall for future occupiers. Several tenants are already lined up, with announcements expected soon.
49
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84
