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.