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Cooke & Arkwright
News 2019 Issue 3

Architects draw up creative design hub in Womanby Street

Gaunt Francis Architects has relocated its Welsh design studios in Cardiff to fully occupy a refurbished five-storey office building in Womanby Street in the heart of the city centre.

Kames Capital purchased 23 Womanby Street in 2018 as part of a portfolio of properties located in and around Womanby Street. It has since embarked on a programme of refurbishment works to upgrade the portfolio, which is part of an area where Cardiff Council has aspirations ...

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British airway's maintenance hq sold

Cooke & Arkwright’s investment agency team has advised on the sale of an office investment let to British Airways. Acting on behalf of Curzon Advisors, and with joint agents Cushman & Wakefield, the property has been sold to real estate investment trust, Highcroft Investments Plc.

Nick Lawley, Investment Director said, "This deal provides a strong income yield to the purchaser with the opportunity for further...

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Agricultural tenancy reform could have far reaching consequences for landlords

The Welsh Government is running a consultation which seeks views on reforming and modernising agricultural tenancy regulations. The proposals say that reform is needed to drive productivity in a sector where little structural change exists, with an aging profile of farmers and limited opportunities for new entrants to bring innovation to the sector.

Proposals include enabling the tenant to assign their tenancy, for payment, to a new tenant. Chris Hyde, Associate Director with Land Agency says these will have far reaching implications ...

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Cardiff Met adds to estates portfolio with £1.55m puchase

Cardiff Metropolitan University has acquired Alexander House in Llandaff, formerly occupied by Bellway Homes for £1.55m. The 15,000 sq ft building is close to its Llandaff campus and will house the commercial subsidiary in its International Centre for Design and Research (PDR).

Cooke & Arkwright’s Business Space team acted on behalf of Cardiff Metropolitan University to purchase Alexander House. Director Ben Bolton...

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New jobs to cater for hungry visitors at Parc Trostre

A new drive-thru Burger King restaurant has been opened at Parc Trostre in Llanelli. The new-build restaurant was constructed for the franchisee, Swansea-based Unionburger Ltd, on a 0.3 acre site adjacent to one of the entrances to the park from Heol Trostre. This is Unionburger’s seventh drive-thru in Wales.

Huw Thomas, Director of Retail & Leisure at Cooke & Arkwright, who acquired the site from M&G...

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Business rates blow as hypothesis trumps reality in Supreme Court ruling

A Supreme Court ruling on 15th May 2019 has dealt a blow to owners and landlords of unoccupied properties. The Supreme Court has held, on a three-two majority, that even where there is no evidence of real world demand, in rating law we must assume a tenant would still be prepared to pay a substantial rent for a property. 

Jane Shankland, Business Rates Director at Cooke & Arkwright commented, "It’s a disappointing result, especially as the dissenting judges held that ...

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Pain prolonged for retailers in ATM business rates battle

The long running dispute between retailers and the Valuation Office Agency (VOA) over business rates on ATM cash machines has been further prolonged.

The UK Supreme Court has allowed the VOA’s petition of appeal against its defeat at the Court of Appeal in November last year, which ruled that ...

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Facelift and market revival plans for Tredegar’s shopping centre

The new landlord of Gwent Shopping Centre in Tredegar has announced plans for a capital injection to revitalise the outlet’s presence in the area. Rugby Property Assets Ltd purchased the 81,000 sq ft retail property in November 2018. 

Ben Davies, Associate said that the new owners wanted to attract a good mix of independent...

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New president for caav south wales and monmouthshire

The South Wales and Monmouthshire branch of the Central Association of Agricultural Valuers (CAAV) has appointed Chris Hyde as its new president for twelve months from April 2019.

Chris, who is Associate Director with Cooke & Arkwright’s Land Agency...

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bob jones cup for top Wales candidate

Congratulations to one of Cooke & Arkwright’s Land Agency Surveyors in Bridgend, who has been awarded the Bob Jones Cup, a prize awarded each year to the highest placing South Wales candidate in the CAAV (Central Association of Agricultural Valuers) fellowship exam.

Rhian Howells was delighted to have been awarded not just with a pass mark, but also with the award of the Cup. Rhian, who lives in Cardiff, said: “The CAAV exams are extremely challenging and require a lot of hard work to pass, so I am very proud to have my name on this cup.

“Undertaking the CAAV fellowship is very worthwhile and enables me to provide my clients with an even higher standard of advice and expertise. Now I just need to find a shelf large enough to display the cup!”

Rhian’s work at Cooke & Arkwright chiefly focuses on rural sector estate management, valuation and professional advice. She was presented the Cup by her Cooke & Arkwright colleague Chris Hyde, who is currently serving his term as president for the CAAV South Wales and Monmouthshire branch.

Investment surveyor gains chartered status

Congratulations also go to Caryl Howell, who recently qualified for chartered status with the Royal Institution of Chartered Surveyors (RICS). Following two years of hard work and training, she now has full MRICS status and is recognised by her peers as having reached a set level of competence.

Caryl is a Senior Surveyor with Investment Agency, where she assists the team on advising institutional investors, property companies, private equity funds and developers. The team's experience provides a wide and diverse contact base of agents, investors and developers across the UK, together with an in depth knowledge of all commercial property investment sectors across the country.

Caryl is a fluent Welsh speaker and Law graduate.

Cooke & Arkwright supported Caryl throughout the APC process, providing guidance, advice and training, including mock interviews. Becoming a qualified Chartered Surveyor is extremely rewarding, not only personally, but also professionally. It is official verification of their status and abilities, and the advice they provide.

Battle of the Plate

Telereal Trillium held their annual national 5-a-side football tournament in Birmingham on Thursday 25th April 2019. Ten teams from Telereal were put forward to play 10 teams from their key national advisors, including surveyors, solicitors and project managers. As property advisors to Telereal, Cooke & Arkwright were invited to enter the tournament with a team of nine surveyors.

The competitive spirit was well and truly ignited when they shared a coach to the Perry Barr venue with another team from Eversheds in Cardiff.

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Cake Bake raises £350 for Velindre Cancer Charity

Coffee Cake, Coffee & Walnut Cake; Chocolate Fudge; Chocolate Orange Brownies; Rocky Road; Lemon & Poppy Cake, Blackberry Tart, Nutella Cheesecake, Pasties, Guinness Cake, Homemade Bread...

No, it's not the contents of Ratty's picnic basket blowing Mole's mind in Wind in the Willows - it's the wonderful array of cakes and pastries baked by kitchen aces from our Cardiff and Bridgend offices, who spent the previous night whipping up culinary delights to raise money for our chosen charity.

We are delighted to say our annual CakeBake day raised over £350 for Velindre Cancer Centre.

Big Thanks to all who baked, bought and ate cake for a great cause!

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Cooke & Arkwright is a trading name of Cooke & Arkwright Ltd. Registered in England and Wales No 2618062. Cooke & Arkwright offer Retail, Office, Industrial, and Rural properties. Registered Office: 7/8 Windsor Place, Cardiff CF10 3SX. Cooke & Arkwright is regulated by the Royal Institution of Chartered Surveyors.
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