Reflections in space

Major overhaul upgrades firm's offices

26 July 2016

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Visitors to Cooke & Arkwright’s offices in Cardiff are being greeted with a brand new reception area and adjacent meeting rooms that are almost unrecognisable from the previous space. We have just completed a major overhaul which has transformed the entrance area and created a suite of new offices.

The whole space has been redesigned and refurbished with glass partitions replacing the former walls, new flooring, recessed lighting and a sleek, modern reception desk. 

Chairman Michael Lawley comments, “We were keen to upgrade the space to follow on from earlier refurbishment of the rear stairwells, toilet and kitchen facilities.

“We are all delighted with the results and feedback from clients and staff has been extremely positive. The space appears larger, lighter and very contemporary, reflecting on where we stand as a leading property business in Wales.”

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