Arlington Securities, the investment management and property services businesses, has secured two lettings on behalf of private clients in Cardiff.
Insurers Admiral Group has signed Friary House and Capital Tower to continue its expansion in South Wales.
Admiral will expand its office by a further 10,000 sq ft at Friary House on Greyfriars Road and has taken an additional 3,200 sq ft on the first floor of nearby Capital Tower.
Admiral also recently expanded in Swansea taking the new 68,000 sq ft Cyprium Building at SA1 Swansea Waterfront regeneration project from developers Terrace Hill in conjunction with the Welsh Assembly Government.
Arlington, a subsidiary of Australian property group Macquarie Goodman, acquired Capital Tower in November 2002 and Friary House in December 2005 on behalf of investment clients.
Capital Tower is now fully occupied and the last remaining space at Friary House is under offer.
Huw Llewellyn, group facilities manager of Admiral Group, said: “This expansion is necessary following further growth of our workforce in Cardiff.
“In Swansea the development at SA1 Swansea Waterfront has been able to support aggressive growth and these new acquisitions in Capital Tower and Friary House will ensure that continues.”
King Sturge acted on behalf of Arlington Securities. Admiral was not represented.
References: EGi News 08/01/07
