The University of Nottingham has put the Castle Meadow Campus in Nottingham city centre up for sale.
The 10.6-acre campus features seven Grade II listed buildings, comprising six office buildings and a central amenity block, set within a landscaped environment.
The campus offers purchasers income from the buildings currently leased and provides an opportunity to undertake a value-add business plan on the vacant assets, including the repositioning of individual buildings and alternate uses.
Gary Moss, chief property and facilities officer at the University of Nottingham, said: “This sale is part of the University of Nottingham’s long-term estates strategy to reduce the overall size of our estate to ensure the university can provide the best experiences for our staff and students. We appreciate the importance of this site to the local area and we are keen to collaborate closely with CBRE to find the right investor as the sale will no doubt generate further investment and growth for Nottingham city centre.”
Tom Nock, associate director in the capital markets team at CBRE, which has been appointed to market the opportunity, added: “This is a rare opportunity to invest in a city centre site of considerable scale, situated in an established and vibrant area, and that also has significant value-add and repositioning prospects. Its modern buildings and ample green spaces are versatile meaning the right investor can make their mark on the site.
“The Grade II listed buildings are recognised for exceptional architectural quality and pioneering sustainable design, offering a rare opportunity for heritage-led regeneration and sensitive repositioning. The economic hub of the East Midlands, Nottingham is a city that is currently benefiting from significant and planned investment. This is the perfect chance for an investor to capitalise on Nottingham’s continued growth and development.”
