LATEST NEWS

CLEARBELL AND BARWOOD CAPITAL SELL 116,000 SQ FT WAREHOUSE FOR £24.95 MILLION


7th June 2021

Clearbell Property Partners III LP (Clearbell), a fund managed by Clearbell Capital LLP, in conjunction with development partner, Barwood Capital, today announces the sale of a 116,000 sq ft warehouse site at Thatcham Park, Berkshire, to NFU Mutual Insurance Society Limited (NFUM) for £24.95m.

Thatcham Park comprises seven newly-developed units, ranging in size from 6,665 sq ft to 30,101 sq ft. The warehouse development, that completed in March 21, has been built to a Grade A specification and in compliance with the highest environmental standards. The buildings are EPC A rated and BREEAM ‘Excellent’, with dedicated parking featuring electric vehicle charging points and each unit with its own PV panels.

Thatcham Park, which was acquired in June 2019, forms part of Clearbell’s Richard portfolio, which aims to develop high quality warehouse units in the supply-constrained South East market.  

The park is situated within a well-established industrial centre in Thatcham, with good access to the M4 and M3. The site is currently home to one tenant, V Management, which occupies 6,500 sq ft after the first letting was signed in early May 2021.

Dominic Moore, Head of ESG and Asset Management at Clearbell Capital, said: “Grade A warehouses in logistics hotspots, particularly in the South East of England, remain highly sought after by institutional investors. These investors are also prioritising excellent environmental credentials with any new investment, meaning high quality developments such as Thatcham Park are quickly snapped up.”

Andrew Barlow, director, Barwood Capital: “The development at Thatcham Park is a fantastic opportunity for NFUM to purchase a multi-unit scheme of high quality in a popular location with occupiers. We are delighted to have completed this transaction with NFUM and wish them every success in the future.”

Jon Brice, fund manager, NFU Mutual said: “This acquisition forms part of NFUM’s continuing strategy to acquire modern sustainable industrial accommodation with strong fundamentals and to capitalise on the strength of the industrial market.”

NFU Mutual was represented by Savills

Avison Young and Deal Varney are the letting agents on the scheme.

MORE NEWS

WANT TO KNOW MORE?
ENQUIRE TODAY...

For more information about our business or to enquire about one of our property assets, please contact us via our enquiry form today and we'll be in touch.