Insurance software specialist relocates to Cardiff Bay

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

Share this

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.

The disposal of 120,000 square feet on the Heads of the Valleys Industrial Estate was a particularly satisfying task. The building had been rebuilt following fire damage, and Jeremy Symons and his team were successful in identifying a nearby purchaser looking to expand. The sale price, at £4,000,000, represented a record sale price for a property of this nature in the area, and with great tenacity and endeavour was completed in a timely fashion. An excellent result.

Richard Hayward, Richard Hayward Properties