College renews leases on buildings at Dudley business park
Dudley College of Technology has signed two new 10-year leases on two units at Waterfront West, part of the wider Waterfront Business Park in Brierley Hill.
The deals involve two separate leases for the college’s education and training facilities and include an option to purchase.
A warehouse unit will be used for traditional skills training, while the other will continue to operate as an educational facility.
The re-geared contracts will enable the college to carry out refurbishment works and enhance its training environments.
College chief executive, Diana Martin, said: “Our facilities at Waterfront Wets are integral to our mission of equipping people with the skills the region’s economy needs.
“The new leases give us the security to invest in upgrading our spaces, particularly for traditional skills training, which is vital for sectors such as construction and manufacturing.
“By committing to the site for the long term, we are helping to strengthen the local skills base and support economic growth.”
The leases were negotiated by property agent, KWB, on behalf of landlord, St Johns High Income Property Fund, which of part of AFH Wealth.
Director, Martin Cook, said: “This agreement demonstrates the value of collaborative negotiation, aligning the needs of landlord and occupier to deliver a result that supports both long-term stability and investment performance.”