Clearbell closes £150m investment programme
Clearbell UK Strategic Trust (CST), a Trust advised by Clearbell Capital, today announces that it is now fully invested, following the acquisition of 6-24 Britannia Street in Kings Cross for £13.5m.
CST has acquired 20 assets over 12 separate transactions since November 2020, totalling more than £150m. The mixed-use portfolio has significant exposure to logistics, life sciences, offices, retail warehousing and leisure assets located throughout the UK. There are value add initiatives planned for all of the assets, involving a clear ESG agenda and over £25 million of capital expenditure.
The announcement comes as the Trust has completed its purchase of 6-24 Britannia Street, London (WC1X) a commercial art gallery and office building, from a private vendor. The asset, which is located close to Kings Cross station, totals more than 17,000 sq ft and has significant asset management potential.
Alice Murray, Asset Manager at Clearbell Capital LLP, said:
“Over the last 18 months, our investment team has built a robust portfolio comprising assets in diverse sectors and locations across the UK. These assets have been acquired for the exciting, value-add opportunities we have identified, many of which we are already making headway on. The portfolio has performed well to date and we continue to work hard to implement further asset management initiatives to exploit opportunities and drive returns.
Clearbell was advised by Crossland Otter Hunt on Britannia Street.
Britannia Street vendor was advised by Pilcher London.