Despite all of the recent announcements about new office development in Cardiff, the figures for take-up for the first part of this year make depressing reading, with under 50,000 sq ft of offices (across all sectors of quality) being leased in the first three months, according to statistics produced by Cardiff Commercial Property Forum.
Less than a year after its £3m office refurbishment was opened by Welsh Gold Medalist, Lynn ‘The Leap’ Davies, CBE and rugby great Gareth Edwards CBE, The Maltings has won the Highly Commended Certificate in the Building Conservation Category at the RICS Wales & South West Awards 2013. The Maltings is a Grade II listed Victorian Malthouse in East Tyndall Street, Cardiff and is a unique development that has set an example in building conservation. Cooke & Arkwright are consultant surveyors to the project.
The committee of the Vale of Glamorgan Agricultural Society were delighted at their recent AGM when Mr Roger Thomas agreed to be their new president. Although not brought up on a farm, Roger’s grandfather and uncle both farmed and his brother currently farms in Pembrokeshire. Roger went to school in Shropshire and joined Cooke & Arkwright to assist Walter Davies in 1972.
White Dove Motor Group, one of the largest privately owned motor groups in south east Wales, has acquired the freehold on three acres of strategically placed land from Cardiff County Council at Hadfield Close in Leckwith. Cooke & Arkwright advised White Dove on the purchase of the land, which will be used for the continued expansion of the successful car dealership. The family owned business has been established for over 40 years and specialises in new and used SEAT, Skoda and specialist executive cars.
Quin & Co, the investment arm of CPS Homes, has purchased Crwys House in Cardiff, a 20,000 sq ft four-storey office building, for a figure in excess of £1m. The empty building, which had originally been occupied by Welsh Water and until last year, by Dunn and Bradstreet, was sold by Cooke & Arkwright on behalf of clients, Altena Estates Ltd. Quin & Co has submitted a planning application to convert the offices to student accommodation comprising 116 rooms in 28 self-contained flats.
17 April 2013
The completion of a major redevelopment at 18 Park Place in Cardiff has attracted its first new tenant, energy company Welsh Power, which has taken a ten year lease on 2,642 sq ft on the first floor. Cooke & Arkwright acted a joint agents on behalf of private landlords Andrew Giles and Richard Williams on the deal.
The Welsh Government’s decision to defer the Business Rate Revaluation until 2017 is a disaster, according to Huw Thomas, Director in charge of Retail at Cooke & Arkwright. “Letting shops in today’s climate on many of our high streets is a significant challenge,” he said. “The high street is under huge stress, but this is potentially a deal breaker for new lettings and lease expiries.”
Leading property publication, Estates Gazette, has named Cooke & Arkwright as the EGi Most Active Agent in Wales in 2012. EGi said ‘...Cooke & Arkwright’s performance proved solid enough to claim back the Welsh title...’. The firm was previously Most Active Agent in Wales in 2010, while the Retail Agency was named the Most Active Retail Agent in Wales in 2011.
Bar 44, the first and longest established Spanish tapas bar in Wales, which has a thriving business in the market town of Cowbridge, has opened a second establishment, Bar 44 Tapas y Copas in Penarth. Brothers Tom and Owen Morgan opened Bar 44 in Cowbridge straight after leaving university. They celebrated 10 years in business last September, with the restaurant serving some 2500 dishes each week and being listed in the Good Food Guide for the second year in succession.
The former home of eminent 19th century Welsh entrepreneur David Morgan has been sold to a Wimbledon school for a sum in excess of its guide price of £1.295m. Hall School Wimbledon aims to restore Llanbrynean, a handsome five-bedroom Victorian residence in the Brecon Beacons with 55 acres and its own waterfall, and will use it as an off-campus residence to host geography field courses as well as a range of other curricular and extra-curricular activities.