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

No automatic pay-out of rate relief in Wales

No automatic pay-out of rate relief in Wales

The Welsh Government is to make grant funding available to provide the Retail, Leisure and Hospitality Rates Relief scheme to eligible businesses for 2022-23. The scheme aims to provide support…

Four new tenants for ninth floor of Brunel House

Four new tenants for ninth floor of Brunel House

Four new tenants have signed leases for office suites on the ninth floor of Brunel House, one of the largest office buildings in Cardiff city centre. The deals were secured…

Prime Newport and Swansea offices acquired for £29m

Prime Newport and Swansea offices acquired for £29m

Acting on behalf of Equitix Investment Management Limited, Cooke & Arkwright have advised on the acquisition of two prime, Grade A office buildings which are let to the Welsh Government.…

Big tax increases for owners of second homes and holiday lets in Wales

Big tax increases for owners of second homes and holiday lets in Wales

Owners of second homes in Wales could face increases of up to four times their current level of council tax after the Welsh Government published the outcome of the 2021…

Technology Centre Wales building acquired for TWI, securing skilled R&D, engineering and technical jobs

Technology Centre Wales building acquired for TWI, securing skilled R&D, engineering and technical jobs

Acting on behalf of TWI Limited, Cooke & Arkwright has secured the purchase of the 15,681 sq ft TWI Technology Centre Wales at the Harbourside development in Port Talbot.

John Skinner 1938 - 2021

John Skinner 1938 - 2021

John Skinner, who sadly died just before Christmas, had a long and distinguished career spanning 50 years with Cooke & Arkwright. During this time, he managed a variety of landed…

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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