A prime office building in Cardiff strengthens its tenant portfolio.
- 5 Callaghan Square secures Environmental Resources Management and Teneo Strategy.
- Environmental Resources Management commits to a five-year lease of 2,595 sq ft.
- Teneo Strategy relocates to a 2,204 sq ft suite on a ten-year lease.
- Capital London Investment Management backs high-quality office refurbishments.
A central Cardiff office development, 5 Callaghan Square, has successfully enhanced its tenant roster with the addition of two significant firms, namely Environmental Resources Management (ERM) and Teneo Strategy. This represents a strategic advancement in the building’s appeal within the commercial property sector, propelled by the property advisory firm Knight Frank.
The strategic letting agreement sees Environmental Resources Management occupying a 2,595 sq ft suite under a five-year lease agreement, indicating a £26 per sq ft annual rental. ERM was represented by Lambert Smith Hampton in this notable transaction, which underscores the building’s commitment to fulfilling the environmental and sustainability requirements through its recent refurbishment.
Teneo Strategy, renowned for its extensive consulting, strategy and communications, and risk advisory services, has moved from its previous location in Brunel House, Cardiff, to occupy a 2,204 sq ft suite on a ten-year lease. This relocation reflects the strategic realignment within Cardiff’s business hub, driven by the bespoke office environments offered by 5 Callaghan Square.
The building, managed by Capital London Investment Management, stands as part of the second phase of Callaghan Square’s wider development, extending across 53,258 sq ft. Recent property enhancements including a reception upgrade and the creation of bespoke office suites on the building’s second floor, highlight the owner’s and Knight Frank’s commitment to offering more tailored, premium office solutions in Cardiff.
Current availabilities within 5 Callaghan Square promise immediate occupancy or future options, with suites of various sizes ready or becoming available soon. The increasing interest in quality office space from occupiers is demonstrable, as noted by Anthony Rajwan, who reflected on the positive investments into the property.
The lettings at 5 Callaghan Square illustrate a robust demand for premium office spaces within Cardiff’s central business district.
