Landmark HMRC office site in Cardiff sold

16 November 2021
  • HMRC offices in Cardiff sold by Cooke & Arkwright
  • HMRC tax offices Cardiff sold by Cooke & Arkwright

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Acting on behalf of Cannon Capital Developments Ltd, Cooke & Arkwright, together with joint agents Savills, have advised on the disposal of the former HMRC offices site at Ty Glas, Cardiff to Cardiff Council.

The site, which is a major land mark in North Cardiff, totals around 19 acres and has over 500,000 sq.ft. of offices in a series of major blocks. 

The Chairman of Cooke & Arkwright, Michael Lawley who brokered the disposal with Cardiff Council commented, “This was a good deal for both sides. 

“It enabled Cannondale to exit the site in an orderly manner following the vacation of the site by HMRC after a long period of occupation, and it gave Cardiff Council the opportunity to secure a major redevelopment opportunity for educational purposes in North Cardiff, where there would normally be a dearth of such sites. 

“We were pleased to be involved in this transaction on such a high profile site.”

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