Barwood and Clearbell Acquire Distribution Facility Building in Cheshire

An Asset Which Will Offer Immediate and Quality Space to a Supply Starved Market

Barwood Capital’s Regional Property Growth Fund IV and Clearbell Property Partners III LP  (Clearbell) have acquired the Phoenix Building in Ellesmere Port, Cheshire, a 440,000 sq ft manufacturing facility from Värde.
 
The large distribution warehouse is on a 21-acre site and is fully let to Jaguar Land Rover until June 2022 and is used by the company as a storage facility for its 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.
 
Barwood also provides Development Management services for another of Clearbell’s assets,a 4.5-acre development site in Thatcham, Berkshire which is currently under construction and will deliver 116,850 sq ft of new warehouse accommodation.
 
Edward Henson, director, Barwood Capital said: “We’re delighted to be partnering with Clearbell Capital again for the acquisition of this exceptional asset in the north west. We look forward to speaking with the tenant, Jaguar Land Rover, regarding their options at the end of the lease”.
 
Joseph Bridger, investment director at Clearbell, said: “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”
 
CBRE and Moriarty & Co advised Clearbell Capital and Barwood Capital. DTRE advised Värde.