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.
Related article - Commercial Property Market Review 2018