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Cardiff


Cardiff is a city transformed, and we are a city that is primed for investment.


We are the fastest growing city in the UK in terms of population, with well over half of the population aged under 35, Cardiff is a young and vibrant city whose population is predicted to grow by over 20% over the next two decades.


The city off ers an unrivalled quality of life, with over 20 million annual visitors attracted to a city that has hosted some of the biggest events in the world, including the Champions League Final, when the city put on a mesmerizing show for a global audience of over 1 billion.


Our region is currently attracting signifi cant levels of investment than previous times, creating over 45,000 jobs over the last four years and building 40,000 new homes by 2026. Our city benefi ts from collaborative working to drive economic change, improved digital and physical connectivity, improved skills and educational opportunities, and regeneration across the city. £10 billion worth of schemes are in the pipeline.


We believe businesses are looking for cities that focus on place making, not just building property in isolation. They want schemes that are knitted into the social fabric and infrastructure of a city, with the potential to make the city a more attractive location for attracting and retaining staff , the key driver for all businesses.


A good example of such a scheme is the regenerating of Central Square, clustered around the central rail station in the heart of the city. The development, constructed by Rightacres Property Company Ltd, is the largest and most successful regeneration scheme in Wales, with over 1 million square feet of redevelopment, including 825,000 sq. ft. of Grade A offi ce space. The scheme has the potential to support up to 30,000 new jobs, whilst the £1bn investment in a new South Wales Metro will see more frequent, more reliable and faster trains accessing nearly


8


The Capital Opportunity


100 stations across a network that has Cardiff as its core. This critical infrastructure is helping to put Cardiff at the forefront of UK cities as a long-term sustainable investment location.


Around 211,000 people are employed in Cardiff and over 630,000 in the wider Capital Region. The city’s recent developments have seen internationally competitive clusters emerge in the FinTech, Financial and Business Services, Creative and Digital, Life Sciences and Advanced Manufacturing sectors, with some of the UK’s leading businesses in these sectors calling Cardiff home, which include; Starling Bank, Wealthify, Admiral Insurance, Monzo Bank, Amplyfi , Delio, BBC Wales headquarters, Celsa and GE Heathcare. The city was recently voted as one of the top 50 cities in the world for start-up businesses.


Cardiff provides clear cost advantages with its competitive operating costs. City centre Grade A rents are among the lowest of core cities at £25 psf. Average salaries are also competitive when compared to other cities amongst across the UK, whilst starting salaries for graduates are amongst the lowest in the UK core cities.


Our capital city is home to world-class universities and businesses enjoy high levels of graduate retention. Nearly 60% of the labour force have degrees or equivalent and are recognised for their motivation and loyalty by new investors and existing businesses.


In summary, Cardiff is a great place to work, a great place to visit and a great place to invest. Our success has been built on an increasingly collaborative approach between the public and private sectors. We share the same goals in helping creating jobs and prosperity for the people of the city and the wider city-region. Looking to the future, the capital city represents Wales’ strongest economic asset and best opportunity to secure economic success.


We invite you to be part of this success.


COMMERCIAL PROPERTY MONTHLY 2020


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