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.

Cooke & Arkwright have provided independent property consultancy services to the College for a number of years. This advice has included property valuations and negotiation around property acquisition and disposal, rent reviews and the preparation and negotiation of the College’s farm business tenancy agreement. The College has consistently received an excellent and professional service from Cooke & Arkwright and their valuable support to the College is recognised and appreciated.

Bob Bates, Director, Coleg Gwent