Admiral Gets Go-ahead for New Newport Office Development
Good news for Newport’s development plans as it is confirmed that Admiral Group has secured planning consent for its new office development in Newport. Admiral employs 490 people in Newport, and is currently based in two offices at Langstone Business Park. Newport City Council’s planning committee has given consent for the new 77,000 sq ft development at Cambrian Centre in Queensway, opposite Newport train station.
The consent keeps Admiral on target to complete the building during December 2013 and to move employees into the site in early 2014.The central location means that the building will have excellent train and bus links and access to local amenities. It further demonstrates Admiral’s commitment to Newport and South Wales.
The building will contain six floors, with around 200 staff members accommodated per floor. Each floor will also have a selection of meeting rooms and chill out areas on each floor with microwave and sink. There will also be on site showers and changing facilities together with an on-site cafe and restaurant. In addition to good public transport links the site has 230 on site car park spaces and dedicated on site cycle parking.
Huw Llewellyn, head of property for Admiral Group, said the new property had been designed with Admiral’s operations in mind. “This is great news for Admiral and for the city of Newport,” he said. “Since opening our Newport office in 2008 we have grown a committed and talented workforce and it has been a real success story for the company.
The approval for the Newport offices comes as Admiral is also planning a major new headquarters in Cardiff. The new £60m headquarters will be constructed by Sir Robert McAlpine. The 220,000 sq ft building is the biggest pre-let office project ever seen in Cardiff, and will accommodate 3,000 staff. Admiral currently employs around 2,300 in the capital at a number of locations.
Midland-based property specialist Stoford is is the developer behind the scheme. Stoford completed a forward-funding agreement with German open-ended fund manager Union Investment last December. In the longer term, Admiral is also looking to bring its Swansea operations under one roof. It is currently considering a number of options and is working alongside Business Minister Edwina Hart and Swansea Council with a view to announcing its preferred single location later this year.