PwC is set to enhance its presence in Cardiff by establishing a new headquarters at One Central Square.
- The new office is part of a significant expansion, creating several hundred new jobs in the city.
- PwC’s relocation signifies a strategic commitment to regional growth and social mobility.
- The move aligns with Cardiff’s ambition to develop as a hub for high-quality, sustainable jobs.
- Investment in Cardiff reflects confidence in the city’s progressive business environment.
PwC, a prominent professional advisory firm, has confirmed its plans to establish a new, larger headquarters in Cardiff. The office will be located in the One Central Square building, a key component of the Central Square mixed-use development beside Cardiff Central Train Station.
The firm has secured a lease for two floors, totalling 33,500 square feet, within the 135,000 square foot building. The space is being vacated by MotoNovo Finance, making way for PwC’s expansion.
Currently, PwC’s Cardiff office, situated in One Kingsway, employs around 500 individuals. With the planned expansion, this number is expected to grow significantly, bolstering the local job market with several hundred new positions over the coming years.
While the rental details remain undisclosed, it is understood that the new lease sets a city record at approximately £28 per square foot, surpassing the prior rate of £25. This highlights the growing demand and premium value of prime office space in Cardiff.
John-Paul Barker, regional market leader for PwC in Wales and the west of England, expressed pride in reaching this milestone, emphasising the strategic importance of Cardiff in PwC’s regional plans.
The firm’s relocation is part of its broader strategy to enhance social mobility and access diverse talent pools. This is supported by a Welsh Government-backed investment programme designed to create highly-skilled jobs focused on digital and technology sectors.
Carl Sizer, head of UK regions at PwC, emphasised the firm’s commitment to addressing skills and productivity gaps across the UK. By increasing opportunities in Cardiff, PwC aims to foster long-term, sustainable growth.
Welsh Government Cabinet Secretary for Economy, Energy and Planning, Rebecca Evans, highlighted the significance of PwC’s move to One Central Square as an exemplar of how strategic partnerships can enhance job opportunities and strengthen the digital and tech sectors in Wales.
The Cardiff office of Knight Frank facilitated the leasing arrangement, representing the property landlord, Aerium. Meanwhile, MotoNovo Finance plans to relocate to the adjacent Two Central Square building.
PwC’s decision to invest in Cardiff underscores its confidence in the city’s vibrant, ambitious business environment, which attracts significant corporate interest and investment.
The development is a testament to Cardiff’s growing appeal as a dynamic business hub, reinforcing its role in fostering economic and social advancement.
