News & Views - 2022
The latest news, events and insights in the Wales property world

Welsh Government confirms support for business rates in Wales 2023-24

Welsh Government confirms support for business rates in Wales 2023-24

Rebecca Evans MS, Minister for Finance and Local Government has today confirmed a package of non-domestic rates support for 2023-24

Autumn Statement 2022 – Business Rates in England

Autumn Statement 2022 – Business Rates in England

The Autumn Statement earlier today provided much good news for business ratepayers in England.

Industrial Market Report Q3/2022

Industrial Market Report Q3/2022

Ben Bolton and Rhys Price have commented on the South Wales industrial property performance during Q3/2022.

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…

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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.

Steve Phillips, Group Finance Director, Welsh Rugby Union Group