11th June 2014
Alder King welcomes BBC Wales’ headquarters announcement
Property consultants Alder King have welcomed BBC Wales’ announcement confirming its decision to relocate its headquarters to the new Capital Square development in Cardiff city centre.
Partner James Nicholas from the firm’s Cardiff office says: “The BBC’s relocation from its existing base in Llandaff, Cardiff to a 150,000 sq ft state of the art headquarters at Capital Square further enforces the broadcaster’s commitment to the city and will bring much needed investment to a run-down but highly strategic site at the heart of the city centre.
The £170m BBC move will kickstart the complete regeneration of the central area, with up to 1m sq ft being developed into a new professional hub.
The Capital Square development is being delivered by Rightacres Property and includes proposals to relocate the City’s bus station.