Navana Real Estate, part of the wider Navana group of companies, has acquired an industrial asset in Rotherham, South Yorkshire for £6.8 million from Clearbell Property Partners II LP (Clearbell).
Navana Property Group will now manage the site, which includes a 135,000 sq ft warehouse, on an ongoing basis. It will seek to maximise value as demand for well-located industrial space continues to accelerate as the UK’s economy evolves towards more digital, advanced manufacturing and greener service-led businesses.
Close to Rotherham, the asset has good links to the North West and the North East of England via the M1 and A1(M). Two tenants are currently in situ including a sustainable printing facility and a specialist recycling business which turns plastic pellets into new fabrics.
Harry Fenner, CEO of Navana Holdings, said: “This acquisition supports our strategy to secure property assets where Navana’s hands-on approach to estate and asset management can unlock further value, driving returns which we can reinvest in the group to underpin its long-term growth.”
Navana was founded to deliver a more modern, customer and technology-led property and asset management service. It works across the residential, mixed-use and commercial sectors.