A leading law firm has pledged its commitment to an office scheme in Cardiff in a deal brokered by joint agents, DTZ and Cooke & Arkwright.
Welsh law firm, MLM Cartwright has signed a lease renewal for its premises at Fitzalan Court in Cardiff city centre. The firm currently occupies 7,209 sq ft at Pendragon House within the scheme. The Cardiff office of Savills acted on behalf of MLM Cartwright.
Alex Easton, Associate Director at DTZ in Cardiff, commented: “Fitzalan Court offers centrally located, flexible accommodation with generous car parking. The quality of the scheme is clearly underpinned by the decision of MLM Cartwright to remain within their existing accommodation and commit to a new lease.”
He added: “In addition, there are a further three lease renewals from existing occupiers in the pipeline.”
Ben Bolton, Associate Director at Cooke & Arkwright, said: “This lease renewal shows commitment to a popular office scheme for the long-term by a prominent occupier. The location offers prominence in the city and a pleasant working environment for staff.”
David King, Partner at MLM Cartwright, commented: “We have been in this building for over seven years now and the location works for us. It is convenient for our clients and our staff.”
Gary Carver, Director at Savills, who advised MLM Cartwright added: “MLM Cartwright considered other options but we were able to agree attractive lease terms and, in light of this and the fact that the location and building suits their business, it was an easy decision in the end.”
Richard Murphy and Philip Glenn were appointed as LPA Receivers at Fitzalan Court in early 2011. The Receivers intend to add value to the scheme through proactive management and an extensive refurbishment programme.
Richard Murphy, Senior Director at DTZ commented: “25 years on from its original development, Fitzalan Court still provides some of the best located and flexibly arranged office accommodation in the city. Our programme of improvements, not only to the office space itself but including the common areas and courtyard, will provide a high quality environment at a very competitive cost which is exactly what occupiers are seeking in the current climate.”