Danish jewellery retailer Pandora, one of the fastest growing jewellery brands in the world, has opened a new store in Commercial Street, Newport, demonstrating a vote of confidence in the city’s future by South Wales retailer and franchisee, Stephen Hughes. Eight new members of staff have been recruited from Newport, including a new manager and assistant manager, and over £350,000 has been invested in the store which opened on 14 June 2014. It is Stephen Hughes’ third Pandora venture in South Wales, following the success of his outlets in Swansea and Carmarthen. Huw Thomas of Cooke & Arkwright acted for the private landlord in the deal and Stephen Kane & Co acted for Pandora.
A new office in Cardiff opened by Charles Stanley, the London-headquartered stockbroking and investment management company, has reported that growth in the Welsh arm of the business has far exceeded expectations in its first few weeks of trading. Andrew Stansfield, Branch Manager in Cardiff said that a pattern had developed of private banks and some brokers moving away from advisory services and increasing the entry levels to new clients for bespoke portfolio management. This is where he saw a niche developing.
As sentiment improves in the commercial market, Emvic Developments is one of only a handful of developers able to provide much needed city centre Grade A office space. Work is currently under way to extend and redevelop 53 The Parade in Cardiff to provide 4,200 sq ft of high quality offices. Completion of the period building, which is in a Conservation Area, is anticipated in early July and will include security access and parking for six cars.
A new Director has been recruited to join Cooke & Arkwright’s Board as part of the firm’s growth and expansion strategy to develop its business for the future. Nick Lawley joins the firm from DTZ’s London office, where he worked for 12 years and was a director in the investment agency department. This key appointment will see him focussing initially on Investment Agency and Business Development and a major part of his role will be to maintain an active presence within the London market.
SRT Marine Technology, a global market leader in the provision of maritime domain awareness technologies and systems, has opened new offices in Regents Court, Cardiff following the acquisition of a Cardiff based company with ground breaking 3D virtual reality visualisation technology. First started five years ago as a spin-off from the University of South Wales with assistance from Welsh Government funding, GeoVS was the brain-child of Rafal Goralski who had a vision for providing real-time virtual reality 3D display systems for the maritime industry. SRT Marine, which is headquartered in Midsomer Norton near Bath, has now acquired the company to enhance and expand its vessel tracking and monitoring system offer. The deal to secure offices in Cardiff for SRT was brokered on behalf of the landlord by Cooke & Arkwright.
Leading clinical dermatological product testing and skin research company, Cutest, whose first clients included Anita Roddick’s Body Shop when it was established 30 years ago, is celebrating its birthday with the acquisition of new 3,500 sq ft headquarters in Pendragon House, Pentwyn, Cardiff. The deal was brokered on behalf of the private landlord by Cooke & Arkwright and the move comes as Cutest invests over £35,000 in new testing equipment including a Canfield Visia Imaging Booth from the USA and a Skicon Moisture Meter from Japan.
One of Cardiff’s long-established legal practices, Spicketts Battrick has expanded in the city and employed nine new solicitors and support staff. The firm’s growth coincided with neighbouring bank, Halifax, part of the Lloyds Banking Group, also requiring exra space. Alex Kalebic, Associate with Cooke & Arkwright’s Retail Agency, advised Spicketts Battrick in a deal which suited both parties’ urgent need for additional premises in this busy retail location.
Newydd, a charitable housing association with 2,600 properties across mid and south Wales, has purchased MNG House (5a Village Way) and Ty Cadarn, to provide a combined 10,000 sq ft office building in Greenmeadow Springs. The acquisition completes its strategy to bring staff to one location and prepare for growth with the creation of an additional subsidiary for Cardarn Housing Group, its parent company. Cooke & Arkwright acted on behalf of Newydd in the deal