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.

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