Cardiff Met adds to estates portfolio with £1.55m purchase

19 June 2019
  • Alexander House Cardiff Cooke & Arkwright
  • Alexander House Cardiff Cooke & Arkwright
  • Alexander House Cardiff Cooke & Arkwright

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Cardiff Metropolitan University has acquired Alexander House in Llandaff, formerly occupied by Bellway Homes for £1.55m. The 15,000 sq ft building is close to its Llandaff campus and will house the commercial subsidiary in its International Centre for Design and Research (PDR).

Cooke & Arkwright’s Business Space team acted on behalf of Cardiff Metropolitan University to purchase Alexander House. Director Ben Bolton said, “We are very pleased to have acted for the University on this acquisition for its estates portfolio.

“We understand that the relocation of some services to Alexander House will free up space for ongoing expansion at its Llandaff campus.”

A spokesperson for the university said that the acquisition was part of the second phase of its wider estates strategy, which is designed to support the effective restructure of professional services.

Cardiff Metropolitan University’s School of Technologies will move into the space vacated at the Llandaff Campus after the PDR relocates. The university is also investing in a new dedicated campus with student accommodation at the Central Quay development at the former Brains Brewery site in the centre of Cardiff.

JLL and Jenkins Best acted on behalf of the vendor.

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I have worked with Jeremy Symons over the past three years successfully leasing and buying property in support of my business. I continue to be very pleased with his knowledge of the market and expertise. Our relationship over this time has resulted in acquiring 20,000 sq ft at Capital Business Park in Cardiff, leasing 11,000 sq ft at Southpoint, and subsequently leasing an initial 42,000 sq ft at Parc Bedwas, followed by a succession of expansions of a further 11,000 and then 47,000 sq ft, enabling us to centralise all of our operations at Parc Bedwas in a single 100,000 sq ft facility. The acquisitions were completed at the perfect time for tenant purposes and the rent fixed throughout the term at very economical rates. A job well done.

Bob James, Aerfin