New letting brings Copse Walk at Cardiff Gate to full occupancy

28 January 2020
  • Copse Walk Cooke & Arkwright
  • Copse Walk Cooke & Arkwright
  • Copse Walk Cooke & Arkwright

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A new letting to Harrison Clark Rickerbys brings Copse Walk Business Park in Cardiff Gate to full occupancy. The Top 100 law firm has secured the last remaining office suite of 2,221 sq ft and is to open its first office in Wales. It has eight other locations nationally with its headquarters in Hereford. Cooke & Arkwright and joint agents Colliers negotiated the letting on behalf of the landlord.

The landlord carried out extensive renovation works in 2016 to fully upgrade Copse Walk, an investment that has reaped rewards. The business park has attracted a string of lettings to companies including smart metering and energy services provider, SMS Plc and independent health economics consultancy, HEOR. All 20,000 sq ft of office space is now fully occupied.

Rhys Price, Senior Surveyor with Cooke & Arkwright’s Business Space team said, “It is great for us to announce that we are fully let at Copse Walk and to welcome Harrison Clark Rickerbys onto the business park. Unit B was the last remaining office suite since the lettings to SMS in 2019 and to HEOR in 2018. HCR were attracted to the good quality accommodation on the park and its excellent proximity to the M4. We wish them every success with their growth into South Wales.

“The landlord’s revamp breathed new life into the offices and proved to be the catalyst for the lettings that followed. This investment, along with a structured marketing campaign overseen by us and James Preece at Colliers International, has been an important factor in us securing high quality tenants.”

HCR, which will employ 12 staff initially in Cardiff Gate, also has offices in Worcester, Cheltenham, Birmingham, Hereford, the Wye Valley, Thames Valley, Cambridge and London.

Head of its new Cardiff office, Hefin Archer-Williams said, “We’ve been working in Wales for years and the time has come to bring the team here. For us, it’s a brilliant move because it brings many of us back to our roots, and for clients, it means that we are much nearer to them.

“Working across Wales, as we have done, will be much easier from Cardiff and we’re looking forward to expanding our practice further.”

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