The UK’s no 1 Sixth Form College, Cardiff Sixth Form has recently committed to a 10-year lease at Squarestone Growth’s Trinity Court in Cardiff ensuring the building remains fully let.
Top feeder school for Oxford and Cambridge Universities is based in the capitol of Wales and has been ranked no one for A level results in the independent Schools League Tables for 10 years.
Squarestone Asset Management acquired the three office complex in the heart of Cardiff in January 2017 for £4.4 million on behalf of Squarestone Growth LLP, a UK £250 million regional office fund. The offices were let to Cardiff Sixth Form College on three separate leases of varying length. Shortly after acquisition the college was taken over by education leader Dukes Education.
Squarestone recently negotiated a new lease over the entire complex and will deliver a new ground floor reception hall which will connect all three former office blocks and create a state-of-the-art modern entrance for the college.
Squarestone Founding Partner Paul Coulter commented: “When we first saw this office complex we were attracted by the immediate asset management opportunities of working with the college to restructure the asset to best suit their needs.
We were also interested in the longer term future development potential of the site for other uses, due to the relatively low rise nature of the assets, especially when compared to neighbouring properties. We are delighted to have worked with Dukes Education to fulfil our medium term asset management strategy of restructuring a lease that works for our tenant whilst improving the asset for their needs today.”