LSH Completes Sale of Two Industrial Assets in Nottingham and Rochester on Behalf of Headlam Group Plc

Lambert Smith Hampton (LSH) has successfully advised Headlam Group Plc on the sale of two industrial assets in Nottingham and Rochester to a joint venture between Clearbell Capital and Deva Capital.

The transaction comprises the sale of the Cheshire Building in Bulwell, Nottingham (83,000 sq ft) and MCD House in Rochester (57,000 sq ft), totalling approximately 140,000 sq ft of industrial space.

The assets were acquired by Clearbell Property Partners IV LP, a fund managed by Clearbell Capital LLP, alongside its joint venture partner Deva Capital, the real estate and corporate capital solutions investment arm of Santander Alternative Investments.

The Cheshire Building, located close to Junction 26 of the M1, has recently been vacated by Headlam Group and is set to undergo a comprehensive refurbishment programme. MCD House, located in Rochester between Junctions 1 and 2 of the M2, has been acquired through a sale-and-leaseback arrangement, with refurbishment planned following Headlam's departure next year.

The acquisitions form part of Clearbell and Deva Capital's ongoing industrial investment strategy and increase their portfolio to 25 assets comprising more than 1.6 million sq ft of industrial space across the UK.

Richard Meering, Senior Director said:
"We are delighted to have competed the sale of these 2 warehouse units to Clearbell who will undertake a thorough refurbishment offering much needed high quality existing units to the market "

The deal completed in May 2026.