Clearbell Capital LLP managed fund Clearbell Property Partners II LP (Clearbell), has let 75,000 sq ft at its Davy Markham site, a 150,000 sq ft industrial asset in Sheffield in its Polaris industrial portfolio, to Amber Precast , a concrete and cast stone manufacturer, on a 10-year lease.
The warehouse is located in the Sheffield Parkway area of the city, near to the city centre and close to key transport links including the M1.
The industrial asset is undergoing significant refurbishment at present. The building is currently seeing a new roof installed to enhance its energy efficiency and bolster its use as a heavy manufacturing site.
The Polaris portfolio was acquired in August 2015, with plans to reposition vacant assets and let remaining space. The portfolio now comprises 10 assets.
“There continues to be strong need for industrial and logistics assets, with many manufacturers and online retailers seeing steady demand. Landlords that have maintained flexibility in their warehouse space will likely see demand uphold in the market,” said Dominic Moore, Head of ESG and Asset Management at Clearbell Capital.
Clearbell was advised by Commercial Property Partners. Amber Precast was not advised.