Country Group Development announced that it will continue to diversify its strategy by signing an agreement to invest in an education center located in Brighton, one of the UK’s education hubs. The deal is valued at GBP18 million and includes a 16-year lease agreement.
This will be CGD’s first acquisition in the education sector and follows the company’s recent investment into the United Kingdom’s data center market. CGD revealed that it expects significant long-term growth in the education market. This market has been a major contributor to England’s national wealth and economic development for some time.
It was also noted that the UK’s education market is considered to be one of the best in the world with domestic and international demand for British educational services continuing to rise. CGD felt that this made the deal an attractive investment opportunity with significant potential for further growth in the future.
Brighton is one of the largest cities in Southeast England with several transportation links to nearby London available. The city is home to two renowned universities, University of Brighton and University of Sussex, as well as thirteen independent schools and has long been regarded as a leading center for education in England. The city receives a large number of exchange students each year and it was pointed out that this total continues to grow.
“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,” Ben Taechaubol (imaged), CEO of Country Group Development PCL, explained in a press release. “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.”
