In Cardiff’s centre, 5 Callaghan Square secures key tenancy agreements, bolstering its commercial appeal.
- Environmental Resources Management takes a prime suite with a five-year commitment, meeting sustainable needs.
- Teneo Strategy relocates from Brunel House, opting for a decade-long lease in a newly refurbished office.
- Refurbishments cater to demand for premium, flexible spaces as highlighted by Knight Frank.
- Capital investment by the landlord underscores a trend towards high-quality office spaces.
The commercial property landscape in Cardiff has been notably enhanced with significant leasing activity at the 5 Callaghan Square. This premier office development has successfully attracted new tenants, boosting its standing within the market.
Environmental Resources Management (ERM), an environmental consultancy, has committed to a five-year lease for a 2,595 sq ft office suite at an annual rental of £26 per sq ft. This decision aligns with ERM’s desire to expand and upgrade its office space to better suit its size requirements and meet environmental, social, and governance objectives.
Roxine Foster from Lambert Smith Hampton emphasised that the building’s refurbishment aligns perfectly with ERM’s sustainability criteria. ‘The works carried out to 5 Callaghan Square ensure the building meets its ESG requirements,’ she noted. The suite is close to completion, with ERM set to move in shortly.
Simultaneously, global advisory firm Teneo Strategy has transitioned from Brunel House to a 10-year lease on a 2,204 sq ft space at 5 Callaghan Square. This move highlights the firm’s strategic decision to occupy a space that supports its comprehensive advisory services across more than 40 global locations.
Mark Sutton from Knight Frank’s Cardiff office noted the recent upgrades at 5 Callaghan Square. The refurbishments included the building’s main reception and the creation of bespoke office suites on the second floor. Sutton remarked on the flexibility and premium nature of the offerings, which were designed to meet current market demands.
The owner, Capital London Investment Management, has expressed satisfaction with these successful lettings. Anthony Rajwan, a director of the landlord company, commented on the trend of occupiers seeking the best available space, noting their partnership with Knight Frank in delivering to this market demand.
Available spaces remain, with current offerings including two refurbished suites immediately available for occupancy. The ongoing strategy appears to cater to both immediate and future tenant needs, with additional floor space becoming available next year.
The lettings at 5 Callaghan Square signify an increasing preference for high-quality, modern office spaces in central Cardiff.
