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.

Mansford has expanded its investment portfolio over the last few years. Over this time Andrew West has provided us with a full rating valuation service which has involved giving a view on liabilities prior to acquisitions, as well as conducting negotiations with Valuation Officers on our UK estate. The portfolio includes a wide range of properties from shops, offices and pubs to major leisure schemes. He has been particularly successful in mitigating our liabilities to empty property rate, which has been an issue on acquisition prior to implementing our development and letting strategy. I have no hesitation in recommending Andrew's expertise in rating valuation for all property types. The profile of property within his portfolio and the successes achieved are testament to his position as an extremely accomplished rating practitioner.

Leopold Hall, Partner, Mansford LLP