Cardiff Waterside, an Aviva Investors supported scheme in the heart of Cardiff Bay, has announced its Caspian Point office development is close to full occupancy, following the completion of three new deals.
In moves that see Caspian Point strengthen its position as one of the most popular and important office developments in the Capital city and reach 95 per cent occupancy, three new deals have been completed in recent weeks by leading property agents, Knight Frank and Cooke & Arkwright. These include:
· Sapiens International, a global leader in providing software solutions for the insurance industry, now occupying the whole of the third floor, 12,800 sq ft, on a 5 year lease
· Creditsafe Group, the world’s most used provider of on-line company credit reports committing to 12,785 sq ft on a ten year lease
· Energy Saving Trust, the number one organisation helping householders, governments, businesses and organisations save energy, committing to 3,800 sq ft on the 4th floor
The news also means that across the whole Cardiff Waterside office development, consisting of 460,000 sq ft, only 8 per cent of space is left available.
Mark Sutton of Knight Frank and Ben Bolton of Cooke & Arkwright, the joint agents for the development commented:
“These deals are fantastic news for Cardiff Waterside but also for the city as a whole. It is important that leading international organisations see Cardiff as a good place to do business, and the decision to be based at Cardiff Waterside is made simpler by not just its excellent location, but also the Grade A quality office space available, which is in short supply.
“Cardiff Waterside is one of the leading office destinations in the city and this latest announcement and the fact the whole development is so close to being fully let underline that fact.”
Reinforcing the importance of Cardiff Waterside as a location, Cato Syversen, CEO of the Creditsafe Group adds: “It is important that as a company we are seen to be at the heart of business activity in the region and Cardiff Waterside fulfils that need for us.
“Cardiff Bay has had huge investment in recent years and has become a focal point for business growth and development; Cardiff Waterside is at the heart of that growth. We are delighted to have signed a deal that will see us staying in the area for the next ten years at least.”
More deals are expected to be announced by Cardiff Waterside in the coming months and there is planning consent granted to develop a further 625,000 sq ft of office space across four sites within the development in the coming years.
