Exciting times at Central Square

Vote of confidence in Welsh economy

The announcement that Legal & General have formed a JV with Rightacres to develop out the one million sq ft Central Square redevelopment in Cardiff city centre is a fantastic boost to Cardiff and South Wales as a whole. Chancellor George Osborne said it was a major vote of confidence in the Welsh economy; it is also a sign of confidence in the commercial property market in the region. Director Graham Davies, who has provided investment advice to Rightacres on a variety of opportunities at the location comments:

“The formation of this JV between Legal & General, as funders, and Rightacres, as developers, will ensure the delivery over the next 10 years of a series of new buildings at the entrance to Cardiff Central train station that will transform the centre of Cardiff.  We are talking on a daily basis with investors and occupiers who are now interested in relocating and investing in Cardiff, and Central Square is a big part of the city’s growing reputation”

Cooke & Arkwright continues to- provide advice to Rightacres, Cardiff Council and occupiers on a range of services within Central Square, including:

• Acquisition of Marland House for Rightacres – this property will be redeveloped to form The Interchange (including new bus station)
• Acting on behalf of Blake Morgan in acquiring 30,000 sq ft space at One Central Square, in what was the first letting at Central Square
• Property management advice to Cardiff Council/ Rightacres on existing properties at Central Square
• Retail agency advice to Cardiff Council/ Rightacres on existing retail units around Central Square, and on further retail opportunities within the new Central Square redevelopment.