Giovanni Malacrino, owner of one of Cardiff’s best known provincial Italian restaurants, is to open a new establishment at 7/8 Park Place, opposite the New Theatre. The acquisition comes as ‘Giovanni’s’ renowned restaurant on the Hayes celebrates its 30th anniversary. Cooke & Arkwright acted on behalf of the landlord, J R Smart, whose offices are located on the upper floors of the premises.
British Red Cross has purchased Kidwelly House at Charter Court, Phoenix Way, Swansea, after outgrowing its existing offices in nearby Villiers House. The Red Cross, which helps vulnerable people in South Wales, had been looking for suitable replacement offices for expansion for some time. Cooke & Arkwright acted on behalf of the vendor, Faircroft Real Estate in the deal and John Arkwright & Co acted on behalf of the Red Cross.
ITV Cymru Wales has announced plans to relocate its headquarters to a new modern facility in the heart of Cardiff Bay as part of its ongoing commitment to public service broadcasting in Wales. It will relocate from Culverhouse Cross in Cardiff to 3 Assembly Square and will occupy around 11,000 sq ft on the ground floor of the building, next door to the Welsh Assembly building in Cardiff Bay. It is expected to complete the move by June 2014. Cooke & Arkwright were joint agents advising Aviva Investors in the deal.
Engineering and design practice, Troup Bywaters + Anders (TB+A) has moved to the heart of Cardiff city centre at 3 Park Place. This follows on from a sustained period of growth for the UK-wide business in its professional design consultancy services serving the construction and energy markets. Cooke & Arkwright acted for the landlord, property investment company Hollybush Properties Ltd.
Plywood & Timber Centres (UK) Ltd has acquired 11,500 sq ft premises at Ashmount Business Park in Swansea where it has invested over £100,000 on advanced technology and equipment, and adapted the premises as a distribution centre for its specialised plywood and timber products. Cooke & Arkwright acted on behalf of the landlord, M7 in the deal.
Cardiff chartered surveying firm Cooke & Arkwright has raised well over £3,500 for Wales Air Ambulance, the all-Wales charity which provides vital emergency air cover and has carried out over 17,000 missions since its launch in 2001. The firm held social events and activities which raised around £650, and the lion’s share was raised by Director Jeremy Symons, who climbed Mount Kilimanjaro with a small group of people in July. A gruelling climb towards the end, which saw some people suffering quite badly from altitude sickness, Jeremy managed to complete the 19,340 ft ascent in six days, raising over £3,000 in the process.
In a move bucking the trend that has seen shopping shift from bricks and mortar to the internet, Oak Furniture Land has leased a 24,000 sq ft unit at Phoenix Way, Lakeside, Swansea Enterprise Park, where it has opened its 45th store in the UK since first embarking as an eBay retailer in 2004. It is the company’s second store in Wales – with the other situated in Cardiff - and employs around seven new staff. Cooke & Arkwright acted on behalf of the landlord, Eddershaws in the deal.
High street baker Greggs has continued its move towards non-standard locations with the acquisition of 1,250 sq ft at Bedwas Business Park in Caerphilly and a 900 sq ft store at MacArthur Glen Designer Outlet, Bridgend. It is also relocating from a small shop it has occupied for almost 15 years to a 1,800 sq ft store, in John Street, Porthcawl. Cooke & Arkwright acts for Greggs in acquiring locations across South and West Wales.
In another boost for Carmarthen’s burgeoning shopping and leisure facilities, one of the UK’s largest and fastest growing independent coffee retailers, Caffè Nero has opened a 2,000 sq ft coffee shop in Dark Gate, close to the traditional shopping centre of Merlins Walk. The deal was brokered by Cooke & Arkwright on behalf of the F&C REIT; Macarthur Wilson acted for Caffè Nero.
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.