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Cooke & Arkwright
2017 issue 7

Reflections on Cardiff BAy - 30 years on

Cardiff Bay made new investors of all types look at Cardiff and Wales in a very different light”: Michael Lawley, Chairman at Cooke and Arkwright, reflects on thirty years since the regeneration of south Cardiff

Thirty years ago this year the Cardiff Bay Development Corporation was set up to oversee the regeneration of much of South Cardiff, and the term “Cardiff Bay” came into common use.  It is now over 15 years since the Corporation was wound up.  So, in 2017, how should we look back at an organisation and development process that dominated Cardiff in the final years of the twentieth century?

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Bumper Q3 for Cardiff commercial lettings

Commercial office lettings in Cardiff are up 19% on the same quarter last year, according to new figures released by Cooke & Arkwright's office agency.

The data, gathered by the Cardiff Commercial Property Forum, shows that total space leased in the third quarter of 2017 was 363,752 sq. ft., compared with 187,775 sq. ft. for the same period last year.

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Vectos goes from strength to strength as it expands in Cardiff

Growing transport planning consultancy Vectos has expanded its Cardiff office. The company has moved to larger offices at Helmont House, fronting Churchill Way in the centre of the city, where it has occupied space since 2011. Vectos has signed a new five year lease on the prominent 1,766 sq ft office suite on the ground floor.

Helmont House is owned by Lancashire County Pension Fund, client of Knight Frank Investment Management (KFIM). Cooke & Arkwright advised KFIM on the purchase of the property in 2015 and are joint office agents with Knight Frank on the scheme.

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Switch to cpi business rate link vital to keep wales competitive with england

Public and private sector property occupiers are set to see substantial increases in their business rates in the 2018/19 financial year. The Office for National Statistics (ONS) has announced that the Retail Price Index (RPI) hit a five year high of 3.9% in September.

Business rates are linked to RPI, which means that commercial property occupiers, shops, factories, leisure outlets and offices will see their rates rise by almost 4% in April 2018...

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Landowners be aware

The Digital Economy Bill 2016-17 received Royal Assent in April 2017 to support the timely and cost effective delivery of digital communications infrastructure across the country. This has resulted in a rush on the part of 4G providers to enhance their coverage in Wales by identifying new telecoms sites.

Landowners are being offered what appear to be very good terms on six month licences. However, they should seek professional advice before signing up to any legal document, according to Chris Hyde, Associate Director with Cooke & Arkwright’s Land Agency.

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Town and village greens in wales - owners to be given new rights

Today under the Commons Act 2006, anyone can apply to have land registered as a town or village green if it has been used by local people for recreation ‘as of right’ (i.e. without permission, force or secrecy) for at least 20 years.

While it is recognised that communities value local areas of land, at times an application for a town or village green has been used to prevent development from taking place. Even when ...

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Better protection from rogue managing agents

Managing Agents have been calling for regulation of the residential management sector in order to protect residents from a small minority of rogue agents who bring the sector and their profession into disrepute. 

The UK Government has responded with a new call for evidence which lasts for six weeks from Wednesday 18 October 2017. While these proposals relate to England ...

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Cooke & Arkwright’s strength is its lifelong commitment to investing in building the skills and careers of talented individuals and supporting them with the training required to reach the high standard of advice expected of Chartered Surveyors. The scale and scope of the business means that surveyors have the opportunity to gain experience working in the full range of property sectors and services.

Law graduate Caryl Howell has recently relocated to the firm’s Investment department to broaden her surveying skills in a new area after working within the Development Land department. Her role

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Seasalt and Joules open at Oyster Wharf

Seasalt and Joules have opened within the former Co-op which has been developed as part of the Oyster Wharf scheme in Mumbles, one of Wales’ most famous seaside destinations.

Overlooking Swansea Bay, the £5.5m mixed use seafront regeneration scheme by Nextcolour Developments has seen the rejuvenation of the historic Art Deco Tivoli building and adjoining shopping arcades. Leisure operators at the fully occupied scheme are Croeso Lounge, Prezzo, Le Bistrot Pierre and rooftop restaurant ...


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Course offers non-cognate graduates a path into property

Non-cognate graduates who wish to move into the property surveying sector should consider doing a Master’s degree in Real Estate Management through the University College of Estate Management. The qualification complies with requirements of the RICS (Royal Institution of Chartered Surveyors) for non-cognate graduates who wish to gain their APC in order to become Chartered Surveyors.

Hazel Davies, Land Agency Surveyor with Cooke & Arkwright has just gained her Masters after graduating with a business degree.  She comments, “Achieving the Masters qualification was extremely rewarding and offers benefits both personally and professionally. However, those wishing to venture ...

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Venture Wales acquires welsh government land

Venture Wales has secured the acquisition of two plots of Welsh Government land on the Navigation Park Business Park, Abercynon, for the future expansion of their existing successful business starter accommodation. 

Phillip Cooper, Chief Executive of Venture Wales, commented, “We are delighted to acquire additional land at Navigation Park.  It is extremely gratifying that Venture Wales’ investment of £8m at Navigation Park to date, has proved to be the catalyst for significant other private sector investment at this strategic site...

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Cardiff's One Central Square wins national award

One Central Square has won the UK National Commercial Development category in this year's industry leading RICS Awards Grand Final 2017, announced at the Park Lane Hotel in London on Thursday 2nd November. One Central Square is the 135,000 sq ft building by Rightacres Property Co. It was designed by Rio Architects and built by Willmott Dixon Construction.

Ben Bolton, Director of Business Space at Cooke & Arkwright, who secured 71,000 sq ft for Motonovo Finance and 30,000 sq ft for Blake Morgan at the scheme said, "It is very fitting that One Central Square has been named the UK's best commercial scheme. Our clients are delighted with the high quailty accommodation, location, neighbouring tenants and great views. The ongoing development of Central Square is making Cardiff one of the UK's premier commercial destinations."

Cooke & Arkwright win Agency Team of the Year 2017

Cooke & Arkwright have been recognised as the Agency Team of the Year at the Insider Wales Property Awards 2017, just a few months after being named by Estates Gazette as the Most Active Agent in Wales. The award is recognition of the strength of the firm’s combined retail, office, industrial, development and investment agency teams, and the hardwork of all the team members.

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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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