16th April 2015
More lettings activity on popular Cardiff business park
Alder King have agreed two further office lettings at Castleton Court on St Mellons Business Park, making it one of Cardiff’s most active business park locations. Over the past year, Alder King and joint agent Cooke & Arkwright have secured five transactions on the park totalling 9,967 sq ft.
The latest occupiers include training and coaching organisation t2, which arrived on the park last year and has now expanded again, and 1st Green Deal, which works to improve the energy efficiency of homes through the Government’s Green Deal scheme.
Formed in 1996, T2 has grown to become one of the largest training and coaching organisations in the UK after increasing staff numbers from 88 to 360 in less than 18 months. Last year it took Unit 2 at Castleton Court, a short distance from its head office at Melrose Hall on Cypress Drive, to accommodate its growing workforce. Following further growth, it has now relocated staff from Unit 2 into the larger Unit 3, which provides 4,541 sq ft of space.
1st Green Deal has taken Unit 8, at 803 sq ft one of the smaller units on the Park, on a new five year lease at an annual rent of £6,060. The unit’s green credentials, value for money and proximity to the road network were key factors in its decision to establish itself on the park.
Owen Young, partner at Alder King, said: “Castleton Court has become a big success story, offering relatively small office units at very competitive rents with ample parking. Really there is nothing else to compare with it in the area in terms of price, quality and infrastructure and that’s why we’ve seen such encouraging levels of activity on the park. Furthermore, we have proposals being considered on another three units.
“t2’s growth has been phenomenal by anyone’s standards. It’s a strong vote of confidence that they have chosen to expand yet again on Castleton Court.”
Other recent newcomers to Castleton Court include planning consultancy RPS and care group Right at Home. The park is also home to other high profile occupiers including Lloyds TSB, Environment Agency for Wales, Welsh Water, Virgin Media and Opus Consultancy.
Castleton Court is located on St Mellons Business Park to the east of Cardiff and provides ready access to the A48 and A48M. Alder King is marketing the remaining units which provide between 747 and 8,000 sq ft of office accommodation with on-site car parking.
Alder King and Cooke & Arkwright acted for the landlord, the Lul Association. T2 and 1st Green Deal were unrepresented.