Global services provider expanding with additional space in Cardiff

300 new jobs being created at 19,500 sq ft new offices

9 March 2016

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Acting as joint agents, Cooke & Arkwright have secured new offices for Firstsource at Oakleigh House in Park Place. The global outsource services provider to the telecom & media, banking & financial services and healthcare industries, also has offices in Cardiff Bay and is expanding after securing a new client contract with a global entertainment organisation. Around 300 new jobs will be created for a contact centre at the new 19,500 sq ft offices, where a lease has been taken across two floors.

The deal is one of the largest to be completed in recent months in the city, following the BBC at Central Square, Public Health Wales at Capital Quarter and Deloittes at Park Street. Cunningham Lindsey, the current tenant at Oakleigh House, was advised by Square Foot Consulting, who appointed Cooke & Arkwright to act jointly with Lambert Smith Hampton to sublet the space.

Ben Bolton, Business Space Director at Cooke & Arkwright said, “Our challenge when instructed 12 months ago, was to let the space within a year, and I’m delighted that we have achieved this. We had to overcome tight timescales for the new occupier to hit their contract deadlines whilst working within the existing lease structure. The property is a great fit for both occupiers, with the added benefit of an international company like Firstsource bringing numerous jobs to Cardiff.”

The letting will put further pressure on Cardiff’s limited supply of Grade A stock until new schemes come to fruition over the coming months.

Mansford has expanded its investment portfolio over the last few years. Over this time Andrew West has provided us with a full rating valuation service which has involved giving a view on liabilities prior to acquisitions, as well as conducting negotiations with Valuation Officers on our UK estate. The portfolio includes a wide range of properties from shops, offices and pubs to major leisure schemes. He has been particularly successful in mitigating our liabilities to empty property rate, which has been an issue on acquisition prior to implementing our development and letting strategy. I have no hesitation in recommending Andrew's expertise in rating valuation for all property types. The profile of property within his portfolio and the successes achieved are testament to his position as an extremely accomplished rating practitioner.

Leopold Hall, Partner, Mansford LLP