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

UWTSD seeks JV development partner for iconic Swansea Waterfront site

UWTSD seeks JV development partner for iconic Swansea Waterfront site

University of Wales Trinity Saint David (UWTSD) is looking for development partners to form a unique joint venture for its iconic mixed-use SA1 Swansea Waterfront site. The University, which has…

Development opportunity with panoramic views overlooking Swansea Bay

Development opportunity with panoramic views overlooking Swansea Bay

A substantial development opportunity on a prominent site totalling 12.84 acres within the Uplands ward of Swansea has been brought to market by the University of Wales Trinity St David…

Oyster Wharf Mumbles launched

Oyster Wharf Mumbles launched

Oyster Wharf Mumbles, a £5.5m mixed use seafront regeneration scheme overlooking Swansea Bay, was officially opened on Thursday 9 March. The historic Art Deco Tivoli shopping arcade has been rejuvenated…

Purolite expands twice in 12 months

Purolite expands twice in 12 months

Cooke & Arkwright have acquired, on behalf of Purolite Ltd., (water treatment company) approximately 6,000 sq ft of Unit C1 on the Llantrisant Business Park. The occupation of C1 follows…

Reserve Forces & Cadets Association site to be developed

Reserve Forces & Cadets Association site to be developed

Cooke & Arkwright has successfully sold sites of 1.35 and 0.5 acres on behalf of the Reserve Forces and Cadets Association for Wales (RFCA) in Gorseinon. The larger site is…

Brunel Park fully occupied within a year

Brunel Park fully occupied within a year

Brunel Park in Port Talbot, a 14,000 sq ft development of new offices by Deryn Properties, has been fully let in less than 12 months after attracting strong interest from…

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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