HEOR announces significant expansion plans

2 August 2018
  • Rhys Price of Cooke & Arkwright and Phil McEwan of HEOR outside their new office building

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Independent health economics consultancy HEOR has announced it has expanded into a new 6,443 sq ft office base in Cardiff Gate and will be creating 10 new jobs following significant growth.

HEOR, which specialises in health economic and statistical analysis, has agreed a lease to occupy the space at Copse Walk, Cardiff Gate Business Park. The site, marketed by joint real estate advisers Cooke & Arkwright and Colliers International on behalf of the landlord XLB Property, also features two other available office suites to let and a 4,500 sq ft standalone building.

As a result of the expansion, HEOR will be recruiting 10 new employees within technical positions to include medical writers, economists, statisticians, computer scientists, mathematicians and operational research analysts. With this additional space, HEOR will be able to double its employee capacity from 30 people to over 60. In addition, the consultancy will be creating a client area to hold advisory board and client meetings, as well as health economics workshops.

As part of the site, two other units offering fully refurbished office suites are also available to lease, accommodating spaces ranging upwards from 2,221 sq.ft to 6,739 sq.ft. The larger of these two units can accommodate office space on two storeys.

Rhys Price, surveyor at Cooke & Arkwright, said: “We are pleased to welcome HEOR to Copse walk, which builds on the letting of the whole of Unit C to CCS Mclays.

“The remaining offices provide fantastic value for money and offer an excellent specification to include air conditioning, LED lighting and parking facilities. Being located just off junction 30 of the M4 motorway, the business park offers the ideal location for businesses needing to be in close proximity to the M4.”

Phil McEwan, managing director of HEOR, said: “Having been founded in 2011, we have now developed strong relationships with our pharmaceutical clients. The challenges faced by healthcare systems globally to deliver cost-effective interventions continues to drive the requirement for health economic analyses, which has led to our growth and requirement for additional office space to house our growing team of researchers.

“We have recruited over 20 new staff in the last three years, a mix of graduates, post-graduate and post-doctorates from life-sciences and mathematics/statistics or computer science backgrounds. We have five researchers joining us shortly, and we’re looking forward to being in position to recruit another 10 positions within the next few months.”

James Preece from Colliers International, said: “The landlord has been proactively upgrading Copse Walk to provide the specification of office space that occupiers demand. This approach has seen them let over 11,500 sq ft since taking ownership.”

Cooke & Arkwright have been providing rating valuation advice to The Welsh Rugby Union Limited (“WRU”) and Millennium Stadium plc for many years. They were recently successful in achieving substantial reductions in the assessments of the Millennium Stadium, covering both the 2005 and 2010 rating list. These negotiated reductions yielded savings of c.£3.5m which, crucially, allows the WRU to re-invest in rugby throughout Wales. They advise the WRU across the group portfolio including the National Centre of Excellence in the Vale of Glamorgan. The valuation issues across the WRU portfolio are complex requiring a high level of understanding of the funding and finances of professional sport in Wales. Cooke & Arkwright’s experience and understanding of these issues and application to the rating valuation have yielded these substantial negotiated reductions. The WRU and the Millennium Stadium entrust our work to organisations with the required levels in experience and expertise in dealing with these complex issues. I am glad to say we have this expertise in Wales. I would have no hesitation in recommending ratepayers making use of this Welsh based expertise.

The Welsh Rugby Union Limited, Welsh Rugby Union Group