Goldmoney Inc., a leading player in the precious metals market, has announced the acquisition of a significant property in Cardiff, Wales. This move comes as a part of the company’s real assets investment strategy. The newly acquired property is the Wales Millennium Centre Phase II, also known as BBC Hoddinott Hall and Offices. This iconic building, with a gross internal area of 62,116 square feet, is a part of the renowned Wales Millennium Centre in Cardiff Bay.

The acquisition includes the world-class BBC Hoddinott Hall, which is home to the National Orchestra of Wales and can seat up to 350 people. Additionally, the property houses the state-of-the-art Grace Williams Studio, a recording studio with a capacity of 60 people, and a 16,114 square foot Class A office building. The property, built in 2009 by Sir Robert McAlpine, was acquired from Aviva Investors Lime Fund for £17.2 million.

Goldmoney Properties financed the acquisition with a loan from Barclays PLC, with a loan-to-value ratio of approximately 44%. The majority of the building is leased to the British Broadcasting Corporation (BBC), generating a net rental income of £1.6 million annually. The lease is set to last for another 10 years, with rent increases indexed to the Retail Price Index.

Roy Sebag, Founder and CEO of Goldmoney Inc., expressed his enthusiasm for the acquisition, stating, “The BBC Hoddinott Hall is a world-class asset where some of the most beautiful music in the world comes to life. We are honoured to be the new owners of this cultural landmark.”

Goldmoney Inc., established in 2001, is a TSX listed company with diverse interests in the real economy, including precious metals trading, jewellery manufacturing, and property investment.