The University of Nottingham has acquired Castle Meadow Campus.

Mapeley Steps Limited and Malabar Investment Holdings Limited, advised jointly by Savills and Metis, sold the freehold.

The property was marketed at a guide price of offers in excess of £36 million.

Set across more than nine acres, the campus comprises six highly specified three and four storey office buildings and a dedicated health & wellbeing hub totalling 351,247 sq ft (32,635 sq m).

Four of the five office buildings are let to Mapeley Steps Contractors Ltd until late 2022, and are currently occupied by HMRC who will be vacating at the end of September 2022 to new accommodation at Unity Square, whilst the remaining building is let to Browne Jacobson LLP. Upon purchasing, the University has plans to provide a campus for final year and postgraduate students, realising its long standing ambitions to have a greater physical presence within the city centre.

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Castle Meadow Campus occupies a prominent canal side position immediately to the south west of the City Centre within Nottingham’s central office core and is overlooked by the renowned Nottingham Castle. The Campus is within easy walking distance from Nottingham Train Station, Castle Marina Retail Park, Sainsbury’s and Aldi, and a number of pubs and restaurants.

Victor Ktori, head of office at Savills Nottingham, commented: "This was an exceptionally rare opportunity to acquire a strategically located self-contained freehold landmark campus in the heart of Nottingham city centre. Given the property's unique credentials it couldn’t be better suited for the University and the team are very pleased to have secured this significant deal on behalf of our client."