Office estate in Cardiff’s Womanby Street sold for £7.5m

5 April 2022
  • Trade Collective offices in Womanby Street, Cardiff sold by Cooke & Arkwright
  • Trade Collective offices in Womanby Street, Cardiff sold by Cooke & Arkwright
  • Trade Collective offices in Womanby Street, Cardiff sold by Cooke & Arkwright
  • Trade Collective offices in Womanby Street, Cardiff sold by Cooke & Arkwright

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A heritage office estate in Womanby Street in Cardiff city centre has been sold by Aegon Property Income Fund for £7.5m.

The freehold investment sale of the Trade Collective estate was negotiated on behalf of Aegon by Cooke & Arkwright’s investment agency team and their joint agents, Savills. CBRE advised the purchaser, Telereal Trillium.

The Trade Collective comprises four heritage buildings offering 43,850 sq ft of office accommodation along Womanby Street, with part of the estate fronting onto Westgate Street. 23 Womanby Street, Castle Buildings, and Westgate House & Court are warehouse style, period office buildings, while The Croft & Womanby Studios occupy a courtyard environment in Jones Court.

A comprehensive refurbishment programme was recently completed on three of the four offices, which provide a range of suites for SME businesses across all sectors.

The Trade Collective is almost fully let with the remainder under offer, and current occupiers include Atlantic Resource, Bar 44, Box UK, BRC, Contractors QS & PM, Ffenics Developments, Gaunt Francis architects, GRC World Forums, Lyons Davidson solicitors, Sero Life, and Stepping Stones.

Womanby Street is one of the oldest and most historic streets in Cardiff and a prime location close to Cardiff Central Station, Central Square, St David’s 2, Cardiff Castle and the Principality Stadium. The surrounding area is the heart of Cardiff’s music and leisure quarter, creating a unique environment that is rich in culture and attractive to office occupiers.

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