Vectos goes from strength to strength as it expands in Cardiff

170,000 sq ft Helmont House now almost fully occupied

23 October 2017
  • Helmont House, Cardiff, Cooke & Arkwright

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Growing transport planning consultancy Vectos has expanded its Cardiff office. The company has moved to larger offices at Helmont House, fronting Churchill Way in the centre of the city, where it has occupied space since 2011. Vectos has signed a new five year lease on the prominent 1,766 sq ft office suite on the ground floor. Helmont House is owned by Lancashire County Pension Fund, client of Knight Frank Investment Management (KFIM). Cooke & Arkwright advised KFIM on the purchase of the property in 2015 and are joint office agents with Knight Frank on the scheme.

Vectos provides transport planning and infrastructure design services to the property development industry. Some of its many Cardiff projects include many of the large strategic housing sites in Cardiff where Vectos provided transport  planning advice through the design stages and a detailed Transport Assessment and Travel Plan to support the various planning applications. It has offices in London, Cardiff, Bristol, Birmingham, Manchester and Exeter.

Director Matt Thomas commented, “Helmont House has been our home in Cardiff for six years and with the city centre’s amenities and transport links on our doorstep it is a great fit for us. Our business in Cardiff has gone from strength to strength and we are delighted to have been able to complete our expansion within the building.”

Tim Lawley, Associate Director with Cooke & Arkwright added, “Helmont House extends to 170,000 sq ft and is now almost fully occupied. The generous on-site car parking is a key part of the offering for occupiers who include New Law, Darwin Gray, Horwich Farrelly, Meltwater and The Big Lottery Fund.”

Jeremy Symons, Director of Lease Advisory said, “After our investment team purchased Helmont House for the landlords, I was instructed to handle the outstanding and forthcoming rent reviews within the building. I have to date successfully completed 5 reviews, showing fair increases in the rent and which to a degree follows the much improved market in Cardiff, and the success of Central square “

Mark Sutton, Partner in Knight Frank’s office agency team in Cardiff said, “Comprehensively refurbished in 2009 and with office accommodation over two floors, Helmont House is a popular choice for occupiers. With the building occupancy now standing at 96 percent, the remaining suites present an opportunity for smaller occupiers to secure Grade A city centre office space. There are currently opportunities to suit businesses with five to fifteen staff and available suites on the 10th floor – 1,000 sq ft – and part ground floor – 696 sq ft.”

Pictured l to r: Tim Lawley, Cooke & Arkwright; Matt Russell, Vectos; Mark Sutton, Knight Frank; and Matt Thomas, Vectos

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.

The Welsh Rugby Union Limited, Welsh Rugby Union Group