Insurance software specialist relocates to Cardiff Bay

19 November 2019
  • 3 Assembly Square, Cardiff Bay
  • 3 Assembly Square, Cardiff Bay

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Global insurance software firm, Sapiens (UK) Insurance Software Solutions Ltd, has relocated its Cardiff office to 3 Assembly Square in Cardiff Bay.

The business has moved into offices of 7,374 sq ft on the fourth floor in the multi-let Parmer Cardiff Waterside building on a ten-year lease. Sapiens, which previously occupied the nearby Caspian Point building, also has offices in London and Uxbridge.

Ben Bolton, Director of Cooke & Arkwright's Business Space department represented Sapiens inthe transaction. He said, “Sapiens have been a long standing tenant on the waterside estate and following comprehensive assessment of a broad list of options around the city, a move to 3 Assembly Square was the best solution for them.”

Grade A, six-storey, 3 Assembly Square is located adjacent to the National Assembly for Wales' Sennedd building, with views over Roath Basin and Cardiff Bay. Other tenants in the 65,765 sq ft building include ITV Wales, Life Science Hub, KPMG, Knight Frank, Acuity and Gambit Finance.

The landlord of Parmer Cardiff Estate was advised by Knight Frank and Cushman & Wakefield. Law firm Berry Smith advised Sapiens.

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