Clearbell and Barwood rev up Jaguar lease renewal

Clearbell Property Partners and Barwood Capital have secured a lease renewal to Jaguar Land Rover at their 440,000 sq ft warehouse in Ellesmere Port, Cheshire. Jaguar Land Rover has signed a five-year lease at a headline rent of £2.6m per annum. The space was purchased in January 2021 from alternative investment firm Värde Partners. The distribution warehouse is located on a 21-acre site. Commercial amenities include a 266 car-parking spaces, two-storey offices and two hub offices. Alice Murray, associate director at Clearbell Capital, said: “This major lease renewal with an extremely strong covenant is a fitting testament to the team’s intensive asset management of the space and our collective efforts to ensure that it meets the needs of tenants.” Jonathon Ellerington, senior investment manager at Barwood Capital, said: “Having identified the property’s reversionary potential on the acquisition, this lease renewal to Jaguar Land Rover is a significant achievement and a testament to the strong fundamentals of the sector.” Junction 10 Consulting advised Clearbell and Barwood. To send feedback, e-mail pui-guan.man@eg.co.uk or tweet @PuiGuanM or @EGPropertyNews View other deals in Ellesmere Port >> Image from Clearbell/Headland Consultancy