A significant development has taken place in Cardiff’s commercial property market.
- 5 Callaghan Square has successfully attracted two new tenants.
- The new occupants are Teneo Strategy and Environmental Resources Management.
- These lettings are part of the wider refurbishment efforts of the building.
- The property is managed by Capital London Investment Management and marketed by Knight Frank.
The recent developments at 5 Callaghan Square mark a pivotal moment in Cardiff’s commercial property sector. Located in a prime city center area, the building has secured new tenants, namely Teneo Strategy, a global advisory firm, and Environmental Resources Management, a consultancy specializing in environmental matters. These additions reflect the ongoing trend towards premium office spaces in the city.
The building, under the ownership of Capital London Investment Management, was marketed by Knight Frank, a leading property advisory firm. These new leases highlight the building’s robust capability to attract high-profile firms. Environmental Resources Management opted for a five-year lease on a 2,595 sq ft space at an annual rental rate of £26 per sq ft. Their decision was facilitated by Lambert Smith Hampton, a respected name in property consultancy. The consultancy aimed to expand within the Cardiff city center while adhering to ESG and sustainability criteria, a feat accomplished by the refurbishment at 5 Callaghan Square.
Similarly, Teneo Strategy’s relocation from Brunel House to 5 Callaghan Square marks a strategic expansion in their operations. They have signed a 10-year lease for a 2,204 sq ft suite. This move underlines Teneo’s commitment to enhancing its presence in Cardiff by selecting a strategically positioned and well-equipped office location.
The flexibility offered by Knight Frank in refurbishing and creating bespoke office suites, coupled with recent upgrades to the building’s main reception, has significantly enhanced the attraction of this property. Currently, additional suites are available, providing immediate opportunities for prospective tenants seeking high-quality office space.
Capital London Investment Management has expressed satisfaction with the results of their investment in 5 Callaghan Square. According to Anthony Rajwan, the building has seen an increased demand for premium spaces, and the collaboration with Knight Frank has been instrumental in delivering top-tier offerings to the market. These developments serve as a testament to Cardiff’s growing allure as a hub for leading businesses.
These strategic lettings underscore Cardiff’s evolving status as a premium business location.
