News
AWD and NCAS make their Caspian Point at Cardiff Waterside
Two more companies can now call Two Caspian Point their home thanks to a re-location to Cardiff Waterside.
AWD Group Plc and the National Clinical Assessment Service (NCAS) have both acquired Grade A accommodation within the 460,000 sq ft estate.
AWD Chase de Vere Wealth Management is a member of AWD Group Plc and one of the largest independent financial advisers in the UK. AWD have taken a 10 year lease on 3,217 sq ft at a rental of £17.95 per sq ft. AWD were represented by Strutt & Parker.
Jeremy Davies, Senior Manager of AWD Chase de Vere, explained the reasoning behind the move, “We are delighted to be moving to new offices in Two Caspian Point at Cardiff Waterside. The strategic location is key to our growth strategy and further cements AWD Chase de Vere's commitment to providing independent financial planning advice across Wales. The move will further enhance our presence in the Welsh business community and allow us to maintain our close links with our professional connections."
NCAS is a division of National Patient Safety Agency (NPSA) whose main role is helping NHS organizations resolve issues concerned with individual doctor’s and dentist’s performance. NCAS have acquired 1,521 sq ft on a 10 year lease term. NCAS were unrepresented in the letting.
Tim van Zwanenberg, Associate Director of NCAS, commented on the relocation, “We are delighted with the move to Caspian Point as we now have a spacious modern office with excellent local facilities.” Both NCAS and AWD have relocated from Cathedral Road in Cardiff.
Gus Coke, Associate at Knight Frank and Property Asset Manager for the Cardiff Waterside estate, added, “Cardiff Waterside offers Grade A accommodation in a distinctive location at the heart of a European capital and benefits from excellent transport links and good parking and public transport facilities. These factors will enable the two companies to flourish in their new home.”
Letting Agent, Ben Bolton, Associate Director at Cooke and Arkwright, said, “This letting is also very encouraging for the estate with the current speculative office development at No..3 Assembly Square due to be ready for occupancy in spring 2009.”
Letting Agent, Beverly Jenkins, Surveyor at Knight Frank, commented, “With Two Caspian Point now achieving full occupancy, this relocation of a further two companies to the Cardiff Waterside estate re-emphasises the increasing popularity of Cardiff Bay as a first class business location.”
There remains circa 7,000 sq ft of Grade A accommodation immediately available to let at One Caspian Point, at a quoting rental of £18.50 per sq ft. Cardiff Waterside offers 460,000 sq ft of prestigious office space over seven contemporary, flexible buildings with planning consent for another 500,000 sq ft. Tenants include blue-chip companies such as HBOS, Arup and Regus, and institutions such as the National Assembly for Wales and the Welsh offices of the UK Government and European Commission.
The speculative 66,000 sq ft Grade A office waterfront building, 3 Assembly Square is set for completion in spring 2009. It is being designed and built with the potential to achieve BREEAM ‘excellent’ rating. Further details are available on the new website www.cardiffwaterside.com
ENDS
For further information please contact Daniel Tyte (daniel.tyte@workingwordpr.com) at Working Word PR on 029 2048 8778.
Notes to Editors
Morley
Morley is the UK-based asset management business of Aviva plc. Firms within the Morley group of companies manage £164bn (€223bn) from offices around the world as at 31 December 2007.
Morley manages both institutional and retail funds. It also acts as investment manager for a range of retail investment funds, marketed in the UK under the Norwich Union brand and in Europe under the Morley name.
The property team manages in excess of £31bn (€43bn) of UK and European property assets.
Aviva Investors
On 28 February 2008, Aviva plc announced it was combining its asset management businesses to create a single, globally integrated asset manager to be known as Aviva Investors - to be launched formally in September 2008.
Aviva Investors will be the global asset management business of Aviva plc, the world’s fifth-largest insurance group. Firms that will become Aviva Investors have £316 billion ($623 billion) of assets under management as at 28 February 2008 and significant growth potential.
Operating under a single brand with more than 1,300 employees in 15 countries across the UK, Europe, North America and Asia, and subject to regulatory approval, Aviva Investors will combine businesses in the UK (Morley Fund Management), North America (Aviva Capital Management, MFM International, Aviva Investment Canada), France (Aviva Gestion d’Actifs), Australia (Portfolio Partners), Poland (CUIM Polska), Ireland (Hibernian Investment Managers), Spain (Aviva Gestion SGIIC (Gestora)) and Romania (CertInvest) and work in partnership with Delta Lloyd Asset Management in the Netherlands.
Recent Morley Awards
Morley’s G7 Fund awarded Fixed Income Hedge Fund of the Year, Eurohedge Awards 2007
Best Property Manager - Financial News Excellence in Institutional Management Awards, Europe 2007
Morley ranks no.1 fund manager in the Thomson Extel SRI Survey, 2007
Property Manager of the Year, UK Pensions Awards 2007
Morley’s G7 Fund awarded Fixed Income Hedge Fund of the Year, Eurohedge Awards 2006
Equity End User of the Year – Derivatives Week DEAL Awards 2006
Property Fund Manager of the Year, Pensions Management Awards 2006
Best Commitment to Raising Standards of Trustee Education, Engaged Investor Awards 2006
Property Fund Manager of the Year, Property Week Awards 2006
SRI Provider of the Year, Global Pensions 2006
Aviva plc
Building a global asset management capability is one of Aviva's strategic priorities and as such Aviva Investors will be a key component in Aviva's composite model of long-term savings, general insurance and asset management.
Aviva is the leading provider of life and pension products in Europe (including the UK) with substantial positions in other markets around the world, making it the world’s fifth largest insurance group based on gross worldwide premiums at 31 December 2006.
Aviva’s principal business activities are long-term savings, fund management and general insurance, with worldwide total sales of £49.2 billion and funds under management of £364 billion at 31 December 2007.
The Aviva media centre at www.aviva.com/media includes images, company and product information and a news release archive.
Knight Frank LLP is the leading independent global property consultancy. Headquartered in London, Knight Frank and its New York-based global partner Newmark Knight Frank operate from over 165 offices, in 36 countries, in six continents. For further information about the Company, please visit www.knightfrank.com