Sheffield’s CPP lands multi-million asset management instruction

South Yorkshire property consultancy Commercial Property Partners (CPP) has secured a new asset management instruction for a 1,250,000 sq ft multi-let property portfolio in Yorkshire.

CPP has been appointed to provide asset management and agency services to a fund managed by London-based property fund manager Clearbell Capital LLP.

Clearbell Capital LLP is a private real estate fund management and advisory business specialising in UK property investment, development and asset management.

The company has recently acquired the Polaris and Amber portfolios on behalf of its fund for a combined price of £203m.

The sites include the 360,000 sq ft Davy Industrial Park in Sheffield; the 470,000 sq ft Parkway Works in Sheffield; the 118,000 sq ft Hutton Business Park in Rotherham; and 130,000 sq ft of assets at Sheffield Business Park.

CPP will be managing in excess of 50 tenancies with a rent roll in the region of circa £3.5m per annum

Matthew Fitzgerald, partner and head of property and asset management at CPP, said: “It is great to be working on such a diverse portfolio of Assets. Clearbell is an entrepreneurial fund manager and we are excited to be working with them on such a wide ranging and prestigious instruction”.

Toby Vernon, partner with CPP, added: “This instruction is superb news for CPP and a major win for our Asset Management team. We have a long-standing involvement with all these sites and it will be great to continue with this”.

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