Insider Property Awards 2023

12 July 2023

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Cooke & Arkwright spent a wonderful evening at Cardiff City Hall celebrating the property sucesses or Wales over the past year. We were finalists for the Agency of the Year category with our entry including office lettings in Cardiff City Centre and our role in the expansion of Coleg Llandrillo.

We shared the table with our friends at Redrow who were also attending as finalists. From Cooke & Arkwright, Chairman Michael Lawley and Director Nick Lawley were in attendance along with Associate Director Mark Siddons and Surveyors Ella Jefferies and Max Wood.

Although unsuccessful this year, we are proud of our deals we submitted and congratulate the winners.

Have a read of our submissions below.

September 2022 Two Office Lettings in Cardiff City Centre

Cooke and Arkwright acted on behalf of the tenant, Centrica, for the lease of 4 Callaghan Square in the city centre of Cardiff. The tenant wanted to sub-lease the 5th floor and also the 3rd floor so our office team were busy acting for both of these transactions. The 5th floor was taken by Future Publishing Limited and the 3rd floor by Tandem Money Limited. This was quite a complex and notable part of Cooke and Arkwright’s office teams work as in total it was 27,093 sq ft of office space which is a large letting in a currently turbulent office market. Our client, Centrica was delighted as it achieved their goal of reducing the occupational footprint.

May 2022 Letting of 70 Queen Street

Tenants, Unionburger Limited (trading as Burger King), acquired 70 Queen Street, Cardiff on a new 10 year lease. Unionburger Limited had previously had a presence on Queen Street before vacating in 2021. Queen Street is still a prominent pitch for retail and leisure in Cardiff city centre therefore, Cooke and Arkwright were instructed by Unionburger Limited as their retained agents in Wales to act on their behalf in acquiring these premises which were over ground, first and second floors comprising of 4,390 sq ft. Our client was extremely satisfied as this transaction helped them reshape and grow their portfolio of outlets.

Town Center Regeneration

We have an ongoing advisory role with Merthyr Tydfil Council after the acquisition of St Tydfil Shopping Center last year to boost the regeneration of the town center. As a Welsh headquartered firm we are proud to be helping with the regeneration of a historic Welsh town.

Colleg Llandrillo Expansion

Cooke and Arkwright sold Welsh Government land to Grwp Llandrillo Menai for the expansion of Coleg Llandrillo in North Wales. This is a big development for their college and will enable a bigger increase in the education they are able to offer at the college with space for more pupils and more subjects on offer.

Acquisition and Professional Role for Greggs

Our retail and leisure team have been very busy recently with Greggs. Since 2023, we have been appointed advise them on all their property acquisitions throughout Wales, to include the north, where previously our long standing appointment with Greggs had covered just the south and mid Wales area. We are excited to see the development of this, as many new acquisitions are in the pipeline. This last year however, they have carried on increasing the Greggs property portfolio throughout Wales and we are delighted to be helping Greggs deliver on their corporate growth objective.

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