Bangkok; 05 July 2016 - Country Group Development PCL (CGD) has signed an agreement valued at GBP18 million to invest in an education centre located in Brighton, United Kingdom with an existing 16-year lease agreement. The deal represents CGD’s first acquisition and penetration into the education sector, following its recent investment into the United Kingdom’s Data Centre market with Anchorage Point in London.
Brighton, one of the largest cities in South East England, is strategically located 52 miles south of London. Highly regarded as a leading centre for higher education, the town consists of two renowned universities (University of Brighton and University of Sussex) and thirteen independent schools in close proximity. In addition to 34,678 registered students, the city hosts and receives a large influx and existing volume of foreign exchange students that is growing year-on-year. The freehold property sprawling an impressive 20.24 acres (881,654 sqft) provides offices, educational and recreational space and accommodation facilitating up to 450 pupils in six principal detached buildings.
The acquisition reflects CGD’s expectation for significant long-term growth in the lucrative education market, which has been a major contributor to England's national wealth and economic development, contributing four times more to the UK’s GDP than agriculture. With the expanding global economy and growing competitive educational landscape, the UK’s education market is considered to be one of the best in the world. The rapid rise in domestic and international demand for educational services indicates an attractive investment opportunity with significant potential to unlock values of growth.
“We have been interested in key education sectors for quite some time now, and this deal couldn’t have presented itself at a better time. The United Kingdom, and in particular Brighton, ranks amongst the leading destination for education,” said Mr. Ben Taechaubol, CEO of Country Group Development PCL.
“This investment once again underpins CGD’s commitment to seeking off-market transactions and our ability to swiftly unlock values of potential. I am confident in our capability to progress with speed and agility; as we continue to prioritise and invest in areas where the market is moving towards, and align ourselves closely with our shareholder needs. Finally, I’d like to send my heartfelt thanks to our members of the board and shareholders for their continued and unwavering support.”