News & Views - 2017
The latest news, events and insights in the Wales property world

Chartered Surveying firm’s MD appointed to the world’s governing body for equestrian Olympic sport

Chartered Surveying firm’s MD appointed to the world’s governing body for equestrian Olympic sport

Andrew Gardner, Managing Director of Cooke & Arkwright, has been appointed a member on the Fédération Equestre Internationale (FEI) Dressage Committee. Founded in 1921, the FEI is the world’s governing…

Two key promotions at Cooke & Arkwright

Two key promotions at Cooke & Arkwright

Cooke & Arkwright has made two strategic promotions following strong growth in 2017. The Cardiff-based firm has promoted two employees to Director and Associate Director. Jane Shankland has been promoted…

Changing demands in industrial sector not reflected in supply chain

Changing demands in industrial sector not reflected in supply chain

The industrial sector in the UK is growing, according to the Q3 2017 RICS UK Commercial Property Market Survey. This shows that tenant demand has increased strongly across industrial space,…

Wales Week In London 2018 launched by Secretary of State for Wales

Wales Week In London 2018 launched by Secretary of State for Wales

Cooke & Arkwright has announced it will be supporting Wales Week in London in 2018. Now in its second year, the marketing initiative which aims to promote events and profile-raising…

Permanent Small Business Rate Relief scheme for Wales

Permanent Small Business Rate Relief scheme for Wales

The Welsh Government has announced that a permanent Small Business Rate Relief scheme (SBRR) will be introduced from 1st April 2018. The current limits will remain the same: occupied properties…

Principality invests in redesign of its branch network

Principality invests in redesign of its branch network

Principality Building Society has relocated its Newport branch to the Kingsway Shopping Centre, introducing a fresh look and feel designed to better meet the needs of current and new Members.…

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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