Cardiff law firm takes 30,000 sq ft in new Cardiff city centre offices

19 December 2018

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Advised by Cooke & Arkwright, law firm Geldards is to move its Cardiff headquarters to brand new offices under construction at Capital Quarter. Currently based at Dumfries Place, the law firm is to move into 30,000 of office accommodation at No 4 Capital Quarter on a ten year lease.

The site is due for completion in 2019 and the office fit out will commence in January 2020. The firm's legal and support teams including corporate, commercial, real estate, charity and private client law teams will move in during the summer.

Capital Quarter comprises ten acres and has planning permission for more than 1,025,000 sq ft mixed use development with offices, hotels, student housing and education. Geldards will join organisations including Admiral, Which?, Network Rail and the Home Office.

Ben Bolton, Director of Cooke & Arkwright's Business Space team said, “We have been working with Geldards on their property strategy and monitoring opportunities for them for some time. We're delighted to have played a role in Geldards securing genuinely excellent space in an outstanding city centre development.”

Jeff Pearson, Chief Executive of Geldards said, “We are very excited to be relocating our Cardiff office to Capital Quarter. As our head office, this significant investment will ensure we remain at the centre of the thriving business community in the Welsh capital.

“The new premises are designed to deliver the high quality environment that clients expect from Cardiff's leading and most established law firm as well as providing the right infrastructure and environment to deliver an effective service from a specialist and highly qualified workforce.

“I would like to thank Cooke & Arkwright for their advice and also the team at JR Smart for the good natured manner of the negotiations and, of course, for the terrific building which we look forward to moving into in 2020.”

JR Smart was represented by Knight Frank LLP.

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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