MH Star Ltd signs 15-year lease at annual rent of £613,000

Clearbell Property Partners III LP (Clearbell), a fund managed by Clearbell Capital, today announces that it has let Aspect Warehouse, Doncaster, to MH Star Ltd, on a 15-year lease, for an annual rent of £613,000.

Aspect Warehouse is a 123,000 sq ft grade A warehouse in West Moor Park, Doncaster, South Yorkshire. The warehouse is in a key location for the logistics market in Yorkshire.

Aspect Warehouse is part of the Cara portfolio, which was first established in March 2017. Cara is a UK-wide portfolio focussed on to the logistics sector, consisting of 20 assets. The portfolio assets facilitate the demand for appropriately sized warehousing to service delivery in the UK.

Dominic Moore, Head of Asset Management & ESG Director at Clearbell Capital said: “We welcome MH Star Ltd as a new tenant at Aspect Warehouse. This is a highly sought-after location that already boasts distribution warehouses that are home to many major retailers. The supply-demand gap for logistics space to service delivery demand presents a compelling investment opportunity. The Cara portfolio aims to take advantage of this gap.”

Toby Vernon, founder-partner at Commercial Property Partners LLP said: “This deal demonstrates the ongoing appetite for good-quality logistics space across the region. Aspect provides an outstanding, high quality warehouse space situated on the West Moor Park, immediately adjacent to Junction 4 of the M18, offering fantastic road networks with fast connections to the M1, M18 and M62.”