Dudley College commits to Waterfront West with new 10-year lease renewals
KWB has negotiated two new 10-year lease renewals with Dudley College of Technology on Units 4 and 4a at Waterfront West, Dudley, acting on behalf of landlord AFH Wealth.
The deals, which involve separate leases for the College’s education and training facilities, include an option to purchase and underline the College’s long-term commitment to the site. Unit 4a, a warehouse unit, will be used for traditional skills training, while Unit 4 continues to operate as a typical education facility.
The re-geared leases have enabled the college to carry out refurbishment works and enhance its training environments, ensuring they remain fit for purpose for years to come.
Diana Martin, Chief Executive and Principal of Dudley College, said: “Our facilities at Waterfront West are integral to our mission of equipping people with the skills the region’s economy needs. The new leases give us the security to invest in upgrading our spaces, particularly for traditional skills training, which are vital for sectors such as construction and manufacturing.
“By committing to this site for the long term, we are helping to strengthen the local skills base and support economic growth.”
Richard Bryan, Fund Manager at St. Johns High Income Property Fund, said: “Dudley College is a key occupier for us at Waterfront West, and we’re pleased to have worked with them to agree terms that meet both their operational needs and our investment objectives. This deal safeguards rental income, increases value, and supports the delivery of high-quality education and training within the local community.”
Martin Cook, Director at KWB, said: “This agreement demonstrates the value of collaborative negotiation, aligning the needs of landlord and occupier to deliver a result that supports both long-term stability and investment performance. The College’s focus on traditional skills reflects an important trend in the regional economy, and Waterfront West’s quality, location and amenities make it a natural home for that activity.”
Waterfront West is part of the wider Waterfront Business Park, a major mixed-use commercial destination adjacent to Merry Hill Shopping Centre, with excellent road links across the Black Country and planned Metro connectivity.
KWB offers a unique body of office and industrial property services and expertise, as well as the management of mixed-use schemes and residential blocks, to occupiers and property owners. It is the leading independent firm of commercial property consultants for offices and industrial units in Birmingham and the West Midlands.
For more information about rent reviews, lease renewals and lease restructuring, please contact:
Sam Lawrence
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