Travers Smith advised Clearbell Property Partners III LP on the deal.
Clearbell Property Partners III LP (Clearbell), a fund managed by long-term client Clearbell Capital LLP on the sale of a 116,000 sq ft warehouse site at Thatcham Park, Berkshire to NFU Mutual Insurance Society Limited for £24.95 million.
Clearbell Capital LLP is a UK-based real estate fund management and advisory business with a global investor base. It invests in and advises on a diverse range of real estate projects across the UK. Covering everything from active asset management to developing properties across all real estate sectors, it seeks out opportunities to create value.
Clearbell acquired Thatcham Park in June 2019 and, together with Barwood Capital as development manager, completed the development of seven new warehouse units this March, each built to a Grade A specification and in compliance with the highest environmental standards. Each of the units are EPC A rated and BREEAM ‘Excellent’, with dedicated parking featuring electric vehicle charging points and each unit with its own PV panels. Two of the units have already been let.
Travers Smith’s Partner Emma Pereira (Picture), advised on the sale alongside Real Estate Associate Harriet Large.
Law Firms: Travers Smith;
Clients: Clearbell Property Partners III LP;