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.

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.

Steve Phillips, Group Finance Director, Welsh Rugby Union Group