The 5 Callaghan Square office scheme in Cardiff marks two significant lease agreements with distinguished firms committed to growth and sustainability.
- Environmental Resources Management (ERM) has secured a five-year lease, while Teneo Strategy opts for a 10-year tenure.
- The property managed by Capital London Investment Management caters to modern office needs with recent refurbishments enhancing its appeal.
- The involvement of real estate firm Knight Frank exemplifies strategic market adaptation to tenant requirements.
- The expanded leasing activity is part of the ongoing Callaghan Square development in central Cardiff.
The 5 Callaghan Square premises in Cardiff have recently bolstered their occupancy rates through noteworthy leases with Environmental Resources Management (ERM) and Teneo Strategy, marking a significant milestone in Cardiff’s commercial property landscape. ERM, a global environmental consultancy, has entered into a five-year lease for a 2,595 square foot suite, illustrating its commitment to expanding operations and adhering to stringent environmental, social, and governance (ESG) standards.
Meanwhile, Teneo Strategy, an influential global advisory firm providing consulting and communication services to senior executives, finalized a 10-year lease for a 2,204 square foot suite. This move from Brunel House represents a strategic relocation aimed at enhancing operational efficiencies and reinforcing its presence in Cardiff. These leasing agreements underscore a broader trend among businesses seeking flexible and modern office spaces that align with sustainability goals.
The building, owned by Capital London Investment Management and marketed by Knight Frank, has undergone substantial refurbishments, including the creation of bespoke suites tailored to contemporary specifications. The recent enhancements in reception and the ability to subdivide space have been pivotal to attracting prominent tenants. The statements from Roxine Foster, director at Lambert Smith Hampton, highlight how the property’s remodel met ERM’s specific space and ESG criteria.
The Callaghan Square development, extending over 53,000 square feet, represents a significant phase in central Cardiff’s urban expansion efforts. The building’s owner, Anthony Rajwan, emphasized satisfaction with the quality enhancements that have attracted discerning occupiers. Additionally, available spaces, such as two newly refurbished suites, indicate ongoing opportunities for future tenants who prioritize top-tier office environments.
Mark Sutton, a partner at Knight Frank’s office agency in Cardiff, remarked on the flexibility and modernity of the spaces now available at 5 Callaghan Square. He noted the current availability of suites and the expected return of additional spaces next year, which will continue to bolster Cardiff’s reputation as a prime location for business expansion.
The successful leasing agreements at 5 Callaghan Square reflect a strategic shift towards modern, sustainable office environments in Cardiff’s commercial property sector.
