Clearbell snaps up £200m of property assets

Kasmira Jefford
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CLEARBELL has splurged £200m on two separate portfolios of retail, industrial and office properties spread out across the UK, the private equity real estate fund management said yesterday.

The Amber portfolio contains 29 properties totalling two million square feet and is let to tenants such as B&Q, Travis Perkins and Sports Clearbell acquired the portfolio alongside two other investors for £153m from Aberdeen Asset Management.

The second portfolio comprises of 14 business and industrial assets and was acquired for £50.75m from Stirling Investments.