Cardiff’s historic Market Buildings sold

24 July 2018

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Cardiff’s historic and iconic Market Buildings, located on St Mary’s Street in the heart of the city centre, has been acquired by London based investor, The Thackeray Estate, for an undisclosed sum. Cooke & Arkwright sold the property on behalf of Sellar Property Group.

Market Buildings is an attractive grade II listed building, arranged over six floors. It forms the main entrance to Cardiff Market and provides approximately 21,000 sq ft of mixed accommodation, including office, retail and leisure use. Tenants include Paddy Power, Welsh Language Commissioner and Future Generations Commissioner for Wales.  There is a small amount of vacant accommodation within the building.

Caryl Howell, investment surveyor with Cooke & Arkwright, said: “We are very happy to have completed on this deal.  The property was built in 1886 and has been in Sellar’s ownership since 1997.  Now under new ownership, the property is entering a new phase of its life cycle with The Thackeray Estate showing great enthusiasm to utilise the building, taking advantage of the opportunities available in the fast moving Cardiff property market.  I look forward to seeing its journey unfold.”

I have worked with Jeremy Symons over the past three years successfully leasing and buying property in support of my business. I continue to be very pleased with his knowledge of the market and expertise. Our relationship over this time has resulted in acquiring 20,000 sq ft at Capital Business Park in Cardiff, leasing 11,000 sq ft at Southpoint, and subsequently leasing an initial 42,000 sq ft at Parc Bedwas, followed by a succession of expansions of a further 11,000 and then 47,000 sq ft, enabling us to centralise all of our operations at Parc Bedwas in a single 100,000 sq ft facility. The acquisitions were completed at the perfect time for tenant purposes and the rent fixed throughout the term at very economical rates. A job well done.

Bob James, Aerfin