News & Views - 2021
The latest news, events and insights in the Wales property world

Welsh Government announces extension of moratorium on forfeiture for non-payment of rent

Welsh Government announces extension of moratorium on forfeiture for non-payment of rent

Welsh Government  has announced that the moratorium on forfeiture for non-payment of rent due to Covid 19 pandemic is to be extended from 30th September to 25 March 2022.

Wales & West Utilities appoints Cooke & Arkwright framework partner as it upgrades network to transport green gases

Wales & West Utilities appoints Cooke & Arkwright framework partner as it upgrades network to transport green gases

Cooke & Arkwright’s Land Agency department has won a tender to be framework partner to supply gas network Wales & West Utilities with land agency services in South Wales. The…

Head of leading Welsh chartered surveying firm was Judge in Tokyo Olympics

Head of leading Welsh chartered surveying firm was Judge in Tokyo Olympics

Andrew Gardner, Managing Director of Cooke & Arkwright chartered surveyors in Cardiff, is a member of the Fédération Equestre Internationale (FEI) Dressage Committee, the world’s governing body for equestrian Olympic…

Wales’ extension on moratorium for commercial rent arrears due to end six months before England’s

Wales’ extension on moratorium for commercial rent arrears due to end six months before England’s

The Welsh Government has announced that the moratorium in Wales against forfeiture for the non-payment of commercial rent will now be extended until 30th September 2021. It was originally due…

Welsh Government follows England in ruling out Covid-related business rate appeals

Welsh Government follows England in ruling out Covid-related business rate appeals

The Welsh Government has announced that it will take an identical approach to England in its measures to rule out business rate appeals based on material change in circumstances (MCC)…

Golate House in Cardiff acquired in £9m+ investment deal

Golate House in Cardiff acquired in £9m+ investment deal

Ship Street Advisors and ADAPT Real Estate, acting on behalf of Jersey based investor UKRO, have acquired a multi-let office investment in Cardiff city centre.

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Cooke & Arkwright have been providing rating valuation advice to The Welsh Rugby Union Limited (“WRU”) and Millennium Stadium plc for many years. They were recently successful in achieving substantial reductions in the assessments of the Millennium Stadium, covering both the 2005 and 2010 rating list. These negotiated reductions yielded savings of c.£3.5m which, crucially, allows the WRU to re-invest in rugby throughout Wales. They advise the WRU across the group portfolio including the National Centre of Excellence in the Vale of Glamorgan. The valuation issues across the WRU portfolio are complex requiring a high level of understanding of the funding and finances of professional sport in Wales. Cooke & Arkwright’s experience and understanding of these issues and application to the rating valuation have yielded these substantial negotiated reductions. The WRU and the Millennium Stadium entrust our work to organisations with the required levels in experience and expertise in dealing with these complex issues. I am glad to say we have this expertise in Wales. I would have no hesitation in recommending ratepayers making use of this Welsh based expertise.

The Welsh Rugby Union Limited, Welsh Rugby Union Group