Roku signs lease on Fusion Point One, Cardiff

The 65,000 sq ft building has been comprehensively refurbished, boasting BREEAM Very Good and EPC B as well as providing 14 EV charging points and extensive health club style shower and changing facilities. International streaming giant Roku is the first letting in the building, on the part first floor and second floor. Fidelity UK Real Estate Fund, a fund operated by Fidelity International, one of the UK’s largest investment managers, is the Landlord. Fletcher Morgan acted for the Landlord with JLL representing Roku.

The streaming giant will be the first tenant at Fusion Point One following a comprehensive refurbishment, with two and a half remaining floors to let from 6,000 sq ft to 37,869 sq ft. The building offering Grade A office accommodation for a tenant’s bespoke fit-out as well as fully fitted Landlord CAT A plus workspace for immediate plug and play occupation.

Roku being a new occupier entrant into Wales and the Cardiff office market were looking for a modern and sustainable office building in the centre of Cardiff. Fusion Point One, being only a few minutes’ walk from Cardiff Central railway station as well as the large efficient floor plates, extensive amenity provision and sustainable credentials, were the key influencing factors for Roku selecting the building.

Roku, Inc., founded in 2002, is a U.S. publicly traded company headquartered in San Jose, California. Roku manufactures a variety of TV streaming devices that allow customers toaccess their favourite entertainment on their televisions. The company also has the only operating system that was purpose-built for TV, Roku OS.

Ewan Montgomery, Portfolio Manager, UK Real Estate, Fidelity International, said: “The Fidelity UK Real Estate Fund has a strategy to wherever possible create the most efficient and sustainable workspaces by investing in the property it holds.

“Fusion Point One in Cardiff is a comprehensive refurbishment project where we have invested significantly, providing enhanced sustainability credentials as well as superior cycle, shower and changing facilities. The extensive amenity provision we have provided has been very well received and we are very proud of what we have created. We are delighted to welcome Roku as our first tenant to this project and we are talking to a number of other potential occupiers for the remaining floors.”

Rhydian Morris, Director of JLL’s Cardiff office, Roku’s advisor, said: Roku considered several properties for their new Cardiff office with Fusion Point standing out due to the proximity to the central railway station and the very large, efficient and uninterrupted floor plates providing the maximum flexibility for Roku’s occupational fit-out. The large external break-out space offering outside seating and table tennis facilities is a unique feature for a city centre office building, which will certainly be appreciated by Roku’s staff.

John James of Fletcher Morgan, representing the Landlord: “Roku has signed up to one of the highest quality office buildings currently available in Cardiff, with its exceptional green credentials and facilities, central location and within a short distance to the train station, shops and restaurants”