5 Callaghan Square attracts new tenants, boosting Cardiff’s commercial real estate landscape.
- Teneo Strategy and Environmental Resources Management sign leases at 5 Callaghan Square.
- The property is marketed by Knight Frank, attracting top-tier tenants.
- Refurbishments cater to diverse business needs, offering bespoke suites.
- Current and future availability continues to draw interest from potential tenants.
The commercial real estate market in Cardiff receives a significant uplift with the letting of 5 Callaghan Square to two major occupiers, Teneo Strategy and Environmental Resources Management (ERM). The move signals continued interest and investment in prime office locations within the city, enhancing Cardiff’s appeal to global and local businesses alike.
Teneo Strategy, a global consultancy offering a range of services including strategy and risk advisory, has signed a 10-year lease for a 2,204 square feet suite. Previously located at Brunel House in Cardiff, Teneo’s relocation is a strategic move aimed at leveraging the opportunities offered by the newly refurbished property. This relocation highlights Teneo’s commitment to enhancing its operations and presence in Cardiff’s dynamic commercial environment.
ERM, an environmental consultancy, secured a 5-year lease on a 2,595 square feet suite at an annual rent of £26 per square foot. Represented by Lambert Smith Hampton in the transaction, ERM was seeking expansion within the city, with specific requirements for sustainability and ESG compliance. The bespoke refurbishment at 5 Callaghan Square meets these criteria, offering modern, sustainable office space tailored to contemporary business needs.
Capital London Investment Management, the landlord of 5 Callaghan Square, acknowledges the rising trend for premium office space in Cardiff. Enhanced by Knight Frank’s marketing efforts, the property has undergone significant refurbishment, including upgrades to the main reception and the division of spaces to accommodate various business sizes. Currently, additional office spaces on the 2nd and 5th floors are available, with further availability anticipated next year, providing ongoing opportunities for businesses looking to relocate to a central, high-quality location in Cardiff.
Mark Sutton of Knight Frank highlights the appeal of 5 Callaghan Square, noting its strategic refurbishment and flexibility in office space configuration. This adaptability is crucial for businesses like ERM that require specific spatial and environmental criteria. The competitive annual rental rates and state-of-the-art facilities make the property a coveted location for businesses aiming to establish or expand their footprint in Cardiff.
The strategic lettings at 5 Callaghan Square underscore Cardiff’s burgeoning status as a key location for businesses seeking refined office environments.
