Geldards successfully advise Admiral on Cardiff property move

Geldards has successfully advised FTSE 100 group Admiral on a deal which sees them vacating their premises in Cardiff’s Capital Quarter and handing over the reins to BT Group.

The move by BT Group is part of a multi-million pound investment in Cardiff to create a hub in the Capital Quarter for over 900 employees, who will move in by the end of 2022. The offices provide employees with flexible work spaces and the latest smart building technology and the move will mean a significant presence for the company in the Welsh capital.

Ioan Owen, Partner in Geldards’ Commercial Property team led on the deal advising Admiral, supported by Andrew Evans, Tax Partner, Claire Laviers, Senior Associate in the Infrastructure and Construction team and Georgia Evans, Solicitor in the Commercial Property team.

Ioan Owen, Partner, Geldards comments:

“We were pleased to successfully conclude this deal for Admiral, it is a great opportunity for both Admiral and BT Group and reflects the huge changes we have seen in workforce demands over the past two years. It’s great to see another significant business choosing to locate in the heart of Cardiff.”

Admiral Head of Property, Huw Llewellyn commented:

“As part of our ongoing property strategy and office consolidation given our commitment to hybrid working, we are delighted that such a high quality tenant in BT Group will be taking on our Capital Quarter office space. A big thank you to Ioan Owen, Georgia Evans and the entire team at Geldards, and Huw Thomas at Huw Thomas Commercial Property Consultancy. Their support and flexibility ensured a smooth and successful journey from initial marketing through to completion.”