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

Office Market Report Q3/2022

Office Market Report Q3/2022

Director of Cooke & Arkwright Ben Bolton, and Associate Director Mark Siddons have reported on the Cardiff office market during Q3/2022. 

Changes to the Business Rate Appeal System in Wales

Changes to the Business Rate Appeal System in Wales

In July 2022 the Welsh Government launched a technical consultation on draft regulations to deliver reforms to the business rate appeals system in Wales.

Joseph King Holdings sell Government let Norwich offices to funds managed by Equitix Investment Management Limited

Joseph King Holdings sell Government let Norwich offices to funds managed by Equitix Investment Management Limited

Joseph King Holdings Limited, acting on behalf of Joseph King Properties Limited (the “Vendor”), has completed the sale of the freehold interest in Rosebery Court, St Andrews Business Park, Norwich…

Dandara launches new home-building programme in Wales

Dandara launches new home-building programme in Wales

Private UK housing developer Dandara is launching a new headquarters to help meet the growing demand for new homes in Wales. The award-winning independent housebuilder has agreed terms with Cooke…

Office estate in Cardiff’s Womanby Street sold for £7.5m

Office estate in Cardiff’s Womanby Street sold for £7.5m

A heritage office estate in Womanby Street in Cardiff city centre has been sold by Aegon Property Income Fund for £7.5m.

Business rate relief for companies going green

Business rate relief for companies going green

In his Spring Statement on Wednesday 23rd March, the Chancellor announced two new business rates reliefs in England which came into effect in April 2022.

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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