The 5 Callaghan Square office complex in Cardiff enhances its prestige with significant new lease agreements.
- Environmental Resources Management (ERM) and Teneo Strategy confirm tenancy, reflecting high demand for premium office space.
- The leases highlight Cardiff’s growing appeal as a business hub, supporting sustainability and modern workplace needs.
- The building owner, Capital London Investment Management, invests in upgrades to attract top-tier tenants.
- Available refurbished suites at 5 Callaghan Square underscore ongoing market interest and development.
In a significant development for Cardiff’s commercial property market, the prime office complex 5 Callaghan Square has secured noteworthy lease agreements with Environmental Resources Management (ERM) and Teneo Strategy. This marks an important milestone in establishing the city as a key business destination.
ERM has committed to a five-year lease for a 2,595 sq ft office suite at an annual rate of £26 per sq ft. The transaction was facilitated by Lambert Smith Hampton, underscoring the high demand for quality office spaces that meet specific business requirements, including sustainability and ESG standards.
Teneo Strategy, a global advisory firm, has relocated from Brunel House in Cardiff, securing a decade-long lease for a 2,204 sq ft office in the same complex. This move signifies the firm’s commitment to Cardiff as a strategic location for its operations, benefiting from the enhanced facilities offered by the recent refurbishments.
Capital London Investment Management, the owner of 5 Callaghan Square, has implemented substantial upgrades to the property. According to Anthony Rajwan, a company director, these improvements align with trends where businesses seek out superior office environments, reinforcing their strategy to cater to such market demand.
Although two suites on the fifth and second floors, measuring 1,049 sq ft and 2,994 sq ft respectively, remain available immediately, the upcoming return of 19,758 sq ft across two floors early next year demonstrates ongoing confidence in the site’s attractiveness.
The strategic leasing activity at 5 Callaghan Square exemplifies Cardiff’s rising stature in the commercial property sector.
