Leading Insurer Atradius relocates in Birmingham

'Timing couldn't be better', says Cardiff headquartered company, as it sees 'real signs of growth' in Midlands region

26 January 2016

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Following an extensive property search in the city centre and in the Edgbaston district of Birmingham, Cooke & Arkwright has secured newly refurbished offices for leading global trade credit insurer, Atradius Credit Insurance. The 2,560 sq ft Grade A offices on the first floor of 10 Harborne Road in Edgbaston, have been acquired from The Woodborne Group on a ten year lease. Atradius is relocating from nearby Hagley Road, following lease expiry, to the upgraded accommodation where they will benefit from reduced overheads through energy efficiencies, as well as a layout more suited to their office and staff requirements.

Tim Lawley, Associate with Cooke & Arkwright’s Business Space team said, “We have acted for Atradius at locations across the UK for a number of years, and in Birmingham we were instructed to find new office space either in the Edgbaston area where the company has been located for ten years, or within the city centre. The preference was for Edgbaston where a number of other financial organisations are based. Various opportunities were shortlisted and finally narrowed down to 10 Harborne Road. Complete refurbishment by the landlord, The Woodborne Group - which occupies the top floor – made the building the perfect option, providing contemporary accommodation to a high standard, and a layout which much better suits our client’s needs.”

Richard Reynolds, Regional Manager for Atradius Midlands Hub has told us that he and his team are delighted with their new home; Richard said: “Atradius has a strong association with businesses in the Midlands region and we have a long history in Birmingham. This new chapter in our history promises to take us from strength to strength: and the timing couldn't be better, with the region showing real signs of growth we can all look forward to a positive future. The new office suite is just around the corner from our previous location on Hagley Road and is easily accessible from both city centre and motorway links.  The addition of a dedicated visitor zone is a bonus and we can't wait to show it off to our brokers and customers.

Tani Dulay, Director at Woodbourne Group said, “Atradius are an industry leader in their field and we are delighted to welcome them to 10 Harborne Road. This transaction reflects our ability to deliver high quality space and the commitment to our significant growth plan over the next couple of years.”

Atradius has been headquartered in Cardiff Bay for twenty years, with regional hubs in London, Manchester and Birmingham. Cooke & Arkwright advised the corporation on previous recent relocations in London and Manchester.

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.

The Welsh Rugby Union Limited, Welsh Rugby Union Group