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

Improvement Relief, a step in the right direction but not far enough?

Improvement Relief, a step in the right direction but not far enough?

Rebecca Evans MS, Minister for Finance and Local Government issued a cabinet statement on 27th September publishing the summary of responses to the recent consultation on non-domestic rates improvement relief…

Surveyors to Drone Pilots

Surveyors to Drone Pilots

This past month, the exciting new toy in the office has been a drone! After some extensive Top Gun level flight training, our surveyors have been let out to fly…

Hawksdrift

Hawksdrift

Property Manager Gianni had a very exciting client to meet earlier this month. A slightly more feathered client than usual, Sharpe, is a broad-winged hawk.

 Work Experience with Rhys Prichard

Work Experience with Rhys Prichard

I spent a very insightful two weeks of work experience with everyone at Cooke and Arkwright. I was able to develop my understanding of the Real Estate industry which will…

Milford Haven Energy Port

Milford Haven Energy Port

Milford Haven, the UK’s largest energy port has seen a 50% increase in throughput of LNG gas following the Russian-Ukraine war, as Europe seeks alternative fuel sources.

Merthyr Mawr Conservation Project

Merthyr Mawr Conservation Project

Merthyr Mawr Estate is taking a new step towards the conservation of their Merthyr Mawr Warren National Nature Reserve in Bridgend, having recently put in place a new management (S16)…

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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