Country Group Development Swoops on Education Sector
CGD successfully enters education sector acquiring a school in Brighton, UK with agreement valued at GBP 18 million.
Country Group Development has signed an agreement at GBP 18 million to invest in an education centre in Brighton, United Kingdom with an existing 16-year lease agreement. The deal represents Country Group Development’s first acquisition and entrance into the education sector, following its recent investment in the United Kingdom’s data centre market with Anchorage Point in London.
Brighton, one of the largest cities in South East England and considered by many as one of the hippest city in the country, is strategically located 52 miles South of London. Highly regarded as the leading centre for higher education, the town consists of two renowned Universities (the University of Brighton and University of Sussex) and thirteen independent schools in close proximity. In addition, to 24,678 registered students, the city hosts and receives a large influx and existing volume of foreign exchange students’ that is continuously growing year-on-year. The freehold property sprawls over an impressive 20.24 acre (881,654 sqft) campus providing offices, educational and recreational space and accommodations for 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 UK’s GDP than agriculture. With key global economies expanding and an increasingly competitive international educational landscape, UK’s education market is considered 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 value through growth.
“We have been interested in key education sectors for a while 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.
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