PwC is set to expand its footprint in Cardiff by establishing a new, larger headquarters at Central Square, promising a boost in local employment opportunities.
- The new headquarters will be located at One Central Square, a significant component of Cardiff’s Central Square development, which is adjacent to the central train station.
- PwC aims to increase its workforce in Cardiff significantly, adding several hundred new positions over the coming years.
- The move aligns with PwC’s strategy to enhance social mobility and access to high-quality jobs, supported by investment from the Welsh Government.
- The relocation underscores Cardiff’s growing appeal to major corporations and its role in the region’s economic development.
PwC has officially confirmed plans to establish a new, expansive headquarters in Cardiff, poised to accommodate the firm’s growth aspirations, including the creation of several hundred job opportunities. The headquarters will be situated at One Central Square, a key part of Cardiff’s extensive Central Square mixed-use development near the central train station. The site is prominent in the city’s strategic growth plan, reflecting its dynamic urban renewal.
The firm is transitioning from its current location in the One Kingsway office block, where it employs approximately 500 individuals. The anticipation is that PwC’s workforce will significantly expand in the Central Square premises. The space, formerly occupied by MotoNovo Finance, spans 33,500 square feet and provides state-of-the-art facilities tailored to a hybrid working model, illustrating a forward-thinking approach to modern office environments.
Although PwC has not disclosed specific compensation details, the rental agreement for this prime location is believed to set a new standard for office space costs in Cardiff, at about £28 per square foot. The real estate transaction was facilitated by Knight Frank, acting on behalf of Aerium, the building’s proprietor, marking a pivotal moment in Cardiff’s burgeoning commercial property landscape.
PwC’s strategic move aligns with its broader regional objectives, emphasizing the enhancement of skills and productivity across the UK while facilitating inclusive growth. This initiative is bolstered by support from the Welsh Government and is part of a concerted effort to attract diverse talent and improve social mobility through access to skilled, high-paying jobs, particularly within the digital and technology sectors.
John-Paul Barker, PwC’s regional market leader, expressed pride in reaching this significant milestone, stating, “Signing the lease for One Central Square is a momentous occasion for PwC in Wales. The location not only provides a focal business point but also represents Cardiff’s ambition for growth and modernization.”
Welsh Government Cabinet Secretary Rebecca Evans highlighted the move as pivotal to the expansion of PwC’s operations, contributing substantially to job creation and strengthening the local digital and technology sectors. The collaboration between governmental bodies and major corporations exemplifies effective partnership aimed at fostering economic growth and addressing inequality challenges.
PwC’s relocation underscores Cardiff’s rising prominence as an attractive destination for leading global enterprises, backed by robust civic planning and a commitment to sustainable, long-term economic development. The move is a testament to the city’s potential to become a hub for innovation and a magnet for high-level corporate investments.
PwC’s relocation to Central Square represents a pivotal development in Cardiff’s economic landscape, enhancing employment and growth prospects.
