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

Landmark HMRC office site in Cardiff sold

Landmark HMRC office site in Cardiff sold

Acting on behalf of Cannon Capital Developments Ltd, Cooke & Arkwright, together with joint agents Savills, have advised on the disposal of the former HMRC offices site at Ty Glas,…

The Budget and Business Rates – a disappointing conclusion for England

The Budget and Business Rates – a disappointing conclusion for England

Chancellor Rishi Sunak set out his Budget and the results of his Spending Review on Wednesday 27th October 2021. H M Treasury also published the Final Report of the Government’s…

Rural business units proving inspirational to design and media businesses

Rural business units proving inspirational to design and media businesses

Only one unit remains available at Chapel Barns business centre after a refurbishment carried out by Merthyr Mawr Estate, and a new management programme completed by Cooke & Arkwright’s Land…

Major reform of business rates system kicked into long grass again

Major reform of business rates system kicked into long grass again

A major reform of the Business Rates system appears to have been kicked down the road yet again, as reported in The Telegraph today (14th October, 2021).

Museums and VOA lock horns

Museums and VOA lock horns

Museums across the UK are locked in disputes with the Valuation Office Agency (VOA) over business rate valuations two years after a landmark case in 2019 which should have set…

New business centre launched in Llantrisant to cater for strong demand

New business centre launched in Llantrisant to cater for strong demand

Edwards Business Park / Parc Busnes Edwards of Llantrisant has launched Frams Enterprise Centre, the latest phase of development at its 25-acre mixed logistics and office complex adjacent to Llantrisant…

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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