Work is progressing ahead of schedule on the latest speculative office scheme in the centre of Cardiff, which will house more than 1,100 staff.
Construction work on the new 107,000 sq ft office building at John Street from developer JR Smart, has reached a key milestone with the completion of the ground floor ‘slab.’
A tower crane moved on to the site at Callaghan Square before Christmas, so allow constructing the office building’s 10 storeys to commence.
Gareth Smart, construction director of JR Smart, said: “The foundations are the works that can most often lead to delays and additional costs, so bringing the building out of the ground means we now have certainty on the remaining construction programme.”
The grade A offices at John Street, one of Cardiff city centre’s few remaining prime office development sites, are set for completion by the third quarter of 2021.
The development, with typical floor plates of 13,000 sq ft, will include a coffee shop and tenant’s business lounge. The 3,500 sq ft roof top terrace will provide spectacular views of the city centre, Cardiff Bay and beyond.
Global property consultancy Knight Frank has been appointed as letting agents at John Street.
Mark Sutton, partner in Knight Frank’s Cardiff office agency team, said: “With a real scarcity of prime space in Cardiff city centre, and supply levels at an all-time low, the city and its occupiers desperately need new Grade A offices.
"At John Street JR Smart are delivering superb city centre office space on Cardiff’s best development site – right when Cardiff needs it.”
"JR Smart has already delivered and let 370,000 sq ft of offices at the adjacent seven-acre Capital Quarter."
The development has attracted indigenous companies such as Admiral, WSP, Geldards, Optimum Credit and Public Health Wales, as well as inward investment projects from Opus Energy, Alert Logic, Sky and Which? Publishing.
