Parmer Cardiff appoints Cooke & Arkwright at Cardiff Waterside as it embarks on five-year investment programme

28 January 2021
  • Cardiff Waterside offices Cooke & Arkrwright
  • Cardiff Waterside offices Cooke & Arkrwright
  • Cardiff Waterside offices Cooke & Arkrwright
  • Cardiff Waterside offices Cooke & Arkrwright
  • Cardiff Waterside offices Cooke & Arkrwright
  • Cardiff Waterside offices Cooke & Arkrwright

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Parmer Cardiff Waterside has appointed Cooke & Arkwright as professional property agent advising on its premier bay-side portfolio of land and office schemes in the heart of Cardiff Bay, alongside joint agent Knight Frank. The extensive estate is currently home to over 25 companies and offers class-leading workspace extending to more than 400,000 sq. ft., with easy access to the city centre and excellent wider transport links.

Parmer Cardiff Waterside has embarked on a five-year investment programme to soften the streetscape, modernise entrances, develop the amenity offering and re-orientate the properties to create a sense of place, encourage ideas, productivity and wellness.

Edward Lockyer, Head of European Office and Industrial Management at Parmer said, “We are looking forward to working with the team at Cooke & Arkwright on the Parmer Cardiff office campus in the Bay.

“Parmer Cardiff can accommodate office requirements from 500 square feet to new build corporate head quarter buildings up to 360,000 sq.ft.  Parmer Cardiff Waterside is a unique urban business campus set in outstanding waterfront surroundings and provides all the services and amenities demanded by the modern occupier.”

Ben Bolton, Director of Business Space at Cooke & Arkwright added, “We are very pleased to take on this instruction for Parmer Cardiff Waterside. Our appointment continues the firm's long-standing involvement with Cardiff Bay, from its inception with the Cardiff Bay Development Company, to latter phases working with ABP and Aviva along the way.

 “Our instruction is also timely as Cardiff Council is committed to move ahead with the new 15,000-seater Cardiff Arena at the Red Dragon Centre, along with improved transport links to the city centre. We anticipate that this will turbo-charge the area once again and we look forward to working with Parmer Cardiff to help deliver the further development and evolution of Cardiff Waterside and the Cardiff Bay area.”

Parmer Cardiff Waterside is home to a range of local and national businesses from across the financial and professional services, life sciences and creative business sectors including Atradius, Lloyds Bank, ITV, Arup, Regus, the CBI, Sapiens, Credit Safe, KPMG and the Welsh Government Life Science Hub.

The global Parmer Innovations portfolio comprises more than 3m sq. ft. of office space and 1,000 developable hectares in the US and the UK, and is home to several leading international businesses including Apple, GlaxoSmithKline and Virgin Media.

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.

Steve Phillips, Group Finance Director, Welsh Rugby Union Group