Major new city centre premises acquired for Cardiff University

One of largest city centre lettings this year

8 June 2016
  • Acquired for Cardiff University by Cooke & Arkwright, Friary House front view
  • Acquired for Cardiff University by Cooke & Arkwright, Friary House rear view

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Cooke & Arkwright has secured new offices for Cardiff University at Friary House, in one of the largest city centre lettings this year. The University has taken three floors - totalling 29,000 sq ft - in Friary House on Greyfriars Road, for a combination of administration and teaching uses.

The premises will house new studio space for the University’s School of Architecture as well as provide space for professional services staff.

Surrounded by a mixture of uses, including offices, hotels, residential and retail, Friary House is an eight-storey building arranged over basement, ground and eight upper floors. The basement, ground and first floor of the building are occupied by Tiger Tiger.

Ben Bolton, Director at Cooke & Arkwright, said: “We were pleased to advise Cardiff University to acquire 29,000 sq ft at Friary House. The brief was to find cost-effective central space for teaching and administration near to existing University buildings, so Friary House was an ideal fit in the right location.

“We’re still actively working with the University to secure a new home for the School of Journalism of approximately 40,000 sq ft.”
 

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