Albion can today announce that is has invested £8.7m in Radnor House School, a new co-educational independent school for students aged 7 – 18 in Twickenham, South West London. Radnor House is located on the historic site of Alexander Pope’s villa on the banks of the River Thames.
Albion identified a unique market opportunity to purchase the freehold premises and develop a new co-educational independent school with a strong ethos and focus on educational excellence. Radnor House will take students aged 7-18 years and will open in September 2011. Albion was attracted to the opportunity due to the strong demand for independent secondary education in the area, the strong cash generative nature of the investment as well as the experienced and well rounded management team.
The team at Radnor House will be led by Robert Cook, an experienced Head of 23 years and having worked in a range of schools, for the past 10 years as Head of a 1,000 student fee paying school with membership of HMC. He will be supported by David Paton, Deputy Head, whose previous experience includes Dulwich College and the Harrodian School in Barnes. The team has been strengthened further by the appointment of Dr Colin Diggory as a non-executive director. Dr Diggory recently retired from education after eight years as Headmaster of Alleyn’s School in Dulwich. He has 34 years experience in education including 11 years as Head of Latymer Upper School in Hammersmith.
Emil Gigov, Partner, Albion said:
“This investment fits perfectly with our objective to create long term, income generative investments for the benefit of our VCT shareholders. The development of a start-up school is a very exciting, genuinely unique opportunity for us, which has been made possible through the combination of an attractive geographic location, an exceptional management team and the strong heritage of the site.”
David Paton, Deputy Head Master, said:
“With Albion’s funding and financial expertise, Radnor House School is well positioned to provide excellent education in an inspirational setting to each and every student in our care.”