Telereal Trillium has sold a 10-acre site in Wales to Cardiff University for the future development of its College of Biomedical and Life Sciences.
The site, on St Agnes Road in Gabalfa, is located two miles north of the city centre and is adjacent to the University Hospital of Wales Heath Park campus [main picture].
It is let to the Department for Work and Pensions until 2021 and will continue to be managed by Telereal Trillium.
Mark Kelly, director of sales and development at Telereal Trillium, said: “We are delighted to have reached an agreement on the sale of the Gabalfa site that suits all parties; facilitating DWP’s future move and opening up exciting possibilities for the development of new facilities at the University’s College of Biomedical and Life Sciences, which will retain the site’s profile as a place of employment.”
Dev Biddlecombe, director of estates and campus facilities at Cardiff University, said: “This long-term strategic acquisition will enable us to build upon the world leading research and teaching in our College of Biomedical and Life Sciences.”
Cardiff University was advised by Cooke & Arkwright.
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