The University of Southampton has acquired the Sir James Matthews building from Solent University.
The site is a five-storey, 101,794 sq ft building on Guildhall Square in the city centre, and is used for educational purposes. The deal value was undisclosed.
Phil Wright, senior vice-president at the University of Southampton, said: “It is very good news that the university can extend its city centre presence with the acquisition of the Sir James Matthews building.
“Following the opening of the John Hansard Gallery in the Cultural Quarter in 2018, we also established some of our administration offices in Guildhall Square. Adding a new educational space to our existing portfolio, along with the student accommodation at Mayflower, will undoubtedly benefit the local economy and cultural vibrancy in Southampton.”
The Sir James Matthews building has been empty since 2019, when Solent University relocated its business, law and digital courses. The building will be refurbished and open for students in September.
Solent University was advised by Weightmans and Savills. University of Southampton was advised by Lester Aldridge and CBRE.
Explore and compare property in Southampton here >>
To send feedback, e-mail akanksha.soni@eg.co.uk or tweet @EGPropertyNews
