KWB acquires commercial property in Redditch for NEW
The further education college, which had initially acquired 10,000 sq ft of commercial property at the end of 2009, has now bought the entire building, representing 30,000 sq ft of high quality space.
Osprey House offered a unique opportunity to North East Worcestershire College. Within walking distance of their existing campus, these former offices in Redditch, which benefit from air conditioning and raised access flooring, not only provide convenient access for both staff and students, but also facilitate their current plans for expansion.
Speaking of the acquisition, Richard Gilbert, Head of Facilities for NEW College explained, “Whilst our initial lease of Osprey House enabled us to accommodate the growing number of students enrolling in our courses, we saw a considerable benefit from the additional teaching space and the high quality environment. With the acquisition of the building we now have the ability to expand further and offer the very best in learning and teaching.”
Now employing around 530 full and part-time staff, and home to approximately 11,000 students, the college is increasing in popularity and has built a growing reputation for excellence within the higher education sector.
Malcolm Jones, commercial property agent for KWB, who acted on behalf of the vendor said, “We are delighted to have secured this transaction for our client, Wichford plc, which demonstrates the continuing demand for freehold office buildings, even in a tough market. Whilst location was a deciding factor for the college, they also required a new build to complement their existing campus premises in Bromsgrove and Redditch town centre. Following a change of planning status to a D1 classification, Osprey House offered a perfect solution to their needs. It also highlights that despite the economic climate, many clients are successfully utilising the downturn in the market to their advantage.”