Expansion under way at landmark Maltings building as demand grows

Further 25,000 sq ft of office space to be added

3 February 2016

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Serviced office provider, The Maltings is undergoing a second major phase of expansion and refurbishment to provide an additional 25,000 sq ft of office space on two upper floors of its iconic, 18 floor, Grade II listed Victorian Malt House in East Tyndall Street, Cardiff. They will range from serviced offices for between one-to-four persons, and self-managed offices sized from 1,000 – 2,000 sq ft, to be ready for occupation between late spring and early summer 2016.

Tim Lawley, Associate with Cooke & Arkwright’s Business Space team and consultants on the scheme comments, “The Maltings provides very contemporary accommodation within a landmark building that retains many original features. The enthusiasm of the Chairman, Nick Williams, for getting things right is very infectious and testament to this is the fact that tenants are very complimentary about the service they are provided with, which they say is second to none. They particularly like the uniqueness of the building and genuine flexibility of accommodation to fit their individual needs. With a cluster of over 69 tenants, being an occupier presents excellent networking opportunities. Tenants range from solicitors, insurance and energy consultants and recruitment agencies to web developers, Information Technology specialists, laboratories, printers and designers.”

Nick Williams comments, “We are thrilled that due to high demand, we are developing a further 25,000 sq ft. Work is well under way and once complete, the expansion will provide enough office space for an additional 230 people. Three self-managed offices have already been reserved by existing tenants who require additional office space and we’ve received numerous enquiries regarding the smaller serviced offices. We always endeavour to improve our services and as a result of tenant feedback, there will also be more communal areas, including smaller meeting rooms and more break-out areas to encourage even more business networking.”

Just over three years ago The Maltings completed its first scheme, a £3m refurbishment of 18,000 sq ft of serviced and self-managed office space, along with video-conferencing, an on-site gym and café/coffee shop. This space quickly proved popular and is now 98% occupied, with many of its tenants having expanded within the building as their businesses have grown.

The Maltings was established in Cardiff over 30 years ago as a centre for Records Management and Document Storage. As well as storage, serviced and self -managed office space, it also provides video conferencing facilities, fibre optic high-speed broadband, a café, communal kitchen areas, a gym and shower facilities, complemented by a free shuttle bus to the city centre and ample on-site, secure parking.

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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