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.

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