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University of Law building in Nottingham acquired
Franklin Real Asset Advisors, on behalf of the Franklin Templeton Social Infrastructure Strategy, has completed the acquisition of a university building comprising around 28,000 sq ft in the city centre of Nottingham.
The asset is fully leased to the University of Law on a long-term basis and benefits from a WALT of over 10 years. Klaus Schmid, director, Franklin Real Asset Advisors, says: “We are pleased to acquire this asset which has recently undergone refurbishment, with the tenant making significant investments to utilise it for long-term educational purposes. “The university’s efforts to not just provide high quality education but also to encourage and support underrepresented groups to pursue such education further create a strong alignment for the asset with the impact objectives of our strategy.” Michel Lim, vice president at Franklin Real Asset Advisors, adds: “This acquisition is an addition to our growing portfolio of educational assets in the United Kingdom. It originates from an off-market approach, allowing us to acquire it at attractive terms for our investors, while capitalising on the current market environment. “Through our credibility and relationship with the seller, we were able to source this unique asset and we look forward to closing on similar assets in the future.”Pinelog welcomes new production manager
Netherfield-based educational resources supplier wins major Welsh local authority contract
Netherfield-based educational resources supplier Findel has been awarded the framework for the supply of education aids, curriculum aids and associated products by Wrexham County Borough Council, the lead council, on behalf of 22 local authorities in Wales.
The multi-million pound framework is to supply to primary and secondary schools in Wales. This is a national framework, available on request for any public sector organisations across England, Scotland and Wales to use.
Findel is now the approved supplier of educational resources to more than 1,400 schools across 22 local authorities in Wales after being awarded the framework.
The company was the core supplier on the previous iteration of this framework with Wrexham County Borough Council running from 2019 to 2023. The new agreement to supply educational resources will run until 2027.
Findel’s team which will work with schools also includes native Welsh speakers to support the growing priority of the language being taught on the Curriculum for Wales.
Findel’s Chief Executive, Chris Mahady, said: “Not only retaining, but growing our supplier relationship with all the Wales local authorities and their schools is testament to Findel’s commitment to provide customers with the highest quality of products and customer service.
“As a business, we are truly dedicated to our ESG activities to positively support the communities in which Findel and its customers operate. It’s fantastic to see that this was a differentiator for us when it came to being awarded the framework.
“We look forward to continuing to work with schools across Wales to ensure they have the right products and supplies to support pupils and teachers alike.”