In the bustling city centre of Cardiff, a remarkable office building has recently experienced a lettings boost, attracting high-profile tenants.
The 5 Callaghan Square development, owned by Capital London Investment Management, has successfully signed Environmental Resources Management and Teneo Strategy as its new tenants, enhancing its reputation as a premier business location.
The 5 Callaghan Square office building, situated in the heart of Cardiff, has recently secured significant lettings deals. Environmental consultancy Environmental Resources Management (ERM) and global chief executive advisory firm Teneo Strategy have committed to leasing office space. These strategic moves underscore the building’s prominence as an attractive business hub in the region.
Environmental Resources Management has agreed to a five-year lease for a 2,595 square foot office suite, with an annual rent set at £26 per square foot. Teneo Strategy has opted for a longer commitment, signing a ten-year lease for a 2,204 square foot suite. This demonstrates the companies’ confidence in the building’s offerings and its strategic location within Cardiff.
Roxine Foster from Lambert Smith Hampton emphasized that the improvements align with ESG (environmental, social, and governance) and sustainability standards—critical factors for ERM when choosing the new location. With the fit-out near completion, ERM is poised to transition soon, marking a significant expansion from its previous premises.
The 53,258 square foot 5 Callaghan Square is part of the second phase of the expansive Callaghan Square development. This further cements Cardiff’s position as a growing commercial hub, attracting leading firms seeking premium office space. The ongoing development has proven attractive to businesses looking for a central and modern office environment in Wales.
Anthony Rajwan of Capital London Investment Management, the building’s landlord, expressed satisfaction with the recent tenancy achievements. He noted a trend of occupiers demanding high-quality space and praised Knight Frank for effectively marketing these refurbished offices. The partnership ensures the space meets modern office standards required by top-tier clients.
Looking ahead, Knight Frank has announced that 19,758 sq ft over two floors will become available early next year. This provides a substantial opportunity for businesses keen on relocating to one of Cardiff’s prime office locations. The mix of available spaces and the building’s sustainable credentials will likely attract diverse tenants.
The successful securing of ERM and Teneo Strategy as tenants at 5 Callaghan Square highlights the growing demand for high-quality office spaces in Cardiff. As the area continues to develop, it remains an attractive location for businesses aiming to expand in a dynamic environment. The strategic enhancements made to the building ensure it remains competitive within the real estate sector.
