A significant advancement has been made in Cardiff’s office sector, marking an enhancement in its commercial attractiveness.
- 5 Callaghan Square has secured new tenants, strengthening its position as a key location in Cardiff’s city centre.
- Teneo Strategy relocates from Brunel House, reinforcing its commitment to the area.
- Environmental Resources Management expands with a new lease, aligning with sustainability efforts.
- The property sees continued interest, reflecting a trend towards premium office spaces.
A significant advancement has been made in the Cardiff office sector with the successful acquisition of new tenants at 5 Callaghan Square. This development enhances the commercial appeal of the area, bringing in prestigious organisations as part of its tenant roster.
The 5 Callaghan Square property now hosts two influential entities: Environmental Resources Management and Teneo Strategy. These additions not only bolster the building’s occupancy but also cement its status as a prime office location.
Teneo Strategy, a global chief executive advisory firm, has relocated from Brunel House to 5 Callaghan Square, securing a 10-year lease for a 2,204 sq ft suite. This move underscores Teneo’s commitment to maintaining a strong presence in Cardiff.
Meanwhile, Environmental Resources Management (ERM) has procured a five-year lease on a spacious 2,595 sq ft office suite at an annual rate of £26 per sq ft. ERM’s relocation was facilitated by Lambert Smith Hampton, highlighting the company’s aim to expand and upgrade its facilities to meet ESG and sustainability criteria.
This recent refurbishment at 5 Callaghan Square includes the flexibility to create three new offices on the second floor, building on the enhancement of the building’s main reception. The refurbishment programme has led to the creation of bespoke suites in this centrally-located property.
Currently, the property boasts available suites, with two already refurbished spaces sized at 1,049 sq ft and 2,994 sq ft, ready for immediate occupation. Additionally, there is a substantial 19,758 sq ft space across two floors expected to return to the market early next year.
Anthony Rajwan of Capital London Investment Management expressed satisfaction with the building’s evolving status. He noted a trend where occupiers are increasingly seeking quality spaces, a need that 5 Callaghan Square is well positioned to meet with the support of Knight Frank.
The ongoing developments at 5 Callaghan Square illustrate Cardiff’s growing appeal as a destination for high-quality office space.
