Private equity real estate manager Clearbell Capital and its joint venture partner Deva Capital have acquired two multi-let industrial estates as part of their continued push into high-potential logistics assets across the UK.
The newly acquired sites, Glynstell Park in Cardiff and Glossop Brook Business Park in Derbyshire, expand the joint venture’s footprint in regional logistics markets. Together, they total more than 180,000 sq ft and are currently home to a combined 14 tenants.
Both acquisitions support Clearbell’s strategy of investing in assets that can be repositioned through sustainability-led upgrades and hands-on asset management. The Cardiff site, which sits on six acres near the city centre, offers potential for energy infrastructure improvements and EPC upgrades, following a previous refurbishment in 2017.
The Glossop estate, comprised of 19 units, fits into Clearbell’s approach of acquiring below-replacement-cost assets in undersupplied submarkets. A full EPC uplift across the park will improve long-term asset resilience and tenant appeal.
The move signals continued confidence in decentralised industrial hubs, particularly those with strong transport links and scope for environmental performance improvements. For B2B occupiers and investors, the focus remains on future-proofed assets that meet evolving operational and compliance needs.
Advisors on the transactions included Lewis Ellis, Cortex Partners, and Fletcher Morgan on the Cardiff deal, as well as Index Real Estate and Northcap on the Glossop acquisition.
