MotoNovo Finance commits to 71,000 sq ft at Central Square

More than 580 new jobs to be created over next three to five years

15 March 2016

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Cooke & Arkwright has confirmed that MotoNovo Finance has committed to moving its headquarters to One Central Square in Cardiff. The financial services company is to lease 71,000 sq ft at the new development alongside Blake Morgan, which has already committed to 30,000 sq ft on the top two floors of the nine-storey building. Cooke & Arkwright advised both firms in the deals.

MotoNovo currently occupies 27,000 sq ft at its headquarters in Llanishen, and is now expected to create more than 580 new jobs in Cardiff over the next three to five years.

Ben Bolton, director of office and industrial agency at Cooke & Arkwright, who acted as the acquiring agent for MotoNovo Finance, said: “MotoNovo is an innovative and forward-looking company with great potential for growth, so we knew that location would be key when they told us they were aspiring to expand. Central Square was a great fit as it reflects the growth and rising profile of the business both now and going forward.

“Crucially, central locations in a modern development can improve staff retention rates, and we have seen other similar businesses such as Admiral recognise this fact and opt to move to city centre spaces.

“We hope that MotoNovo Finance’s commitment to Central Square will contribute to Cardiff’s drive to establish itself as a financial and professional services centre.”

Reflecting upon the business’ plans, MotoNovo Finance CEO noted; “We have a long and proud history within Cardiff and are delighted to finalise our new headquarters within the city. We are indebted to Cooke & Arkwright for its service and speed in securing our new headquarters, which will soon be home for our current and future team members as we deliver on our growth plans.”  

Read more on this story in the Western Mail

I have worked with Jeremy Symons over the past three years successfully leasing and buying property in support of my business. I continue to be very pleased with his knowledge of the market and expertise. Our relationship over this time has resulted in acquiring 20,000 sq ft at Capital Business Park in Cardiff, leasing 11,000 sq ft at Southpoint, and subsequently leasing an initial 42,000 sq ft at Parc Bedwas, followed by a succession of expansions of a further 11,000 and then 47,000 sq ft, enabling us to centralise all of our operations at Parc Bedwas in a single 100,000 sq ft facility. The acquisitions were completed at the perfect time for tenant purposes and the rent fixed throughout the term at very economical rates. A job well done.

Bob James, Aerfin