Blake Morgan

The solution:

• Preparation of a report that provided an overview of the Cardiff office market. The report established context and background to activity leading up to the instruction, along with our views and forecast for further evolution of the city.
• Ben Bolton was lead contact, liaising closely with principals in the law firm to establish a range of views on the property requirements, key drivers and overriding brief to achieve a property solution.
• Comprehensive market search, identifying all existing and future property options. This included analysis of property characteristics, their pros and cons, together with their context within the overall city as well as views on headline rents and potential incentives.
• Advice and detailed dialogue to confirm shortlist of credible options.
• Detailed feedback on each option led to a shortlist of three properties where we negotiated best and final terms.
• Three developer/landlords invited to present to Blake Morgan board for final consideration.
• Final reports and conclusions, including a Cooke & Arkwright presentation to Blake Morgan, leading to a preferred option.
• Preparation and agreement for detailed heads of terms for final agreement to lease; working with legal representatives through to completion.

The result:

• The client has secured a more efficient working environment which has allowed them to occupy a slightly reduced overall square footage without a reduction in staff numbers.
• One Capital Square is a building in the heart of the newly emerging office core of Central Square, adjacent to the BBC headquarters.
• A favourable financial package ensuring best possible cost from the outset and throughout the lease.