Carter Jonas has acquired a 5,500 sq ft Grade II listed period office building on behalf of Dowding College, Cambridge.
The commercial agency and investment team completed the acquisition of 4-5 Bene’t Place, fronting Lensfield Road in Cambridge city centre.
The building was constructed in the 1820s, was originally two separate buildings but has since been joined together. Most recently, it has been used by the Perse Foundation as a teaching centre.
Downing’s acquisition of the site is strategically significant due to the proximity to its existing location. The four-floor building provides Downing with added flexibility to manage its team’s occupational requirements, with potential for use as a supplemental teaching space, student accommodation or for administrative functions.
William Rooke, partner, commercial, Carter Jonas Cambridge said: “Carter Jonas works with Downing College’s team on an ongoing basis, advising on their estate strategy and investment approach, and identified Bene’t Place as an ideal investment opportunity. The property is well located and has ample space to support the ambitions and long-term goals of Downing’s vibrant and close-knit community.”
Penningtons Manches Cooper LLP advised Downing College on legal matters. The Perse Foundation, the vendor, was advised by Bidwells, with legal matters provided by Harrison Clarke Rickerbys.
Image source: Carter Jonas
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