British Airway’s maintenance HQ in Llantrisant sold

3 June 2019
  • British Airways Llantrisant Cooke & Arkwright
  • British Airways Llantrisant Cooke & Arkwright

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Cooke & Arkwright’s Investment agency team have advised on the sale of an office investment let to British Airways. Acting on behalf of Curzon Advisors, and with joint agents Cushman & Wakefield, the property has been sold to real estate investment trust, Highcroft Investments Plc.

Nick Lawley, Investment Director said, “This deal provides a strong income yield to the purchaser with the opportunity for further enhancement in the future. The property is in a very accessible location with major occupiers nearby and we expect this area to witness further growth.”

The property is occupied by British Airways Avionic Engineering Limited, a subsidiary of British Airways, and employs around 250 people at the 111,000 sq ft campus. The facility is British Airways’ one-stop solution in the UK for the repair, maintenance, and application of avionic solutions and diagnostic technologies for a range of Boeing and Airbus aircraft.

The Royal Mint, the Welsh Blood Service and the Royal Glamorgan Hospital are located on neighbouring sites.

Liz has been an absolute star, providing excellent support and great professional advice. We have been working on very complex acquisitions/CPOs and the process has been made so much easier by her enthusiasm and friendly approach and has been a great addition to the team. Cooke & Arkwright have made a very complex acquisition and CPO strategy so much easier with their excellent and friendly professional advice. They have been a great addition to the team.

Hamish Munro, Caerphilly County Borough Council