Go Ahead for £15m Cardiff Capital Quarter Office Scheme
Developer JR Smart has been given the green light to build another 84,000 sq ft office development at its flagship Capital Quarter development in centre of the capital. Cardiff Council has granted detailed planning consent for the seven-storey office block which will be a key element of JR Smart’s £150m Capital Quarter mixed use scheme. The 7.3 acre Capital Quarter development is the largest mixed use scheme under way in the capital, offering more than 700,000 sq ft of commercial space. The new building, which is called No. 2 Capital Quarter and costing around £15m, will take between 15 to 18 months to complete.
The headquarters office building is the latest office scheme to be developed on a speculative basis by the family-owned development company in recent years. The development has been designed by Cardiff Architects Morgan2Hayman and will have single floor plates of up to 13,025 sq ft. The council’s approval paves the way for construction work to begin this spring. JR Smart has already completed the 36,000 sq ft Driscoll Buildings, a two block office scheme, at Capital Quarter, for which around 16,000 sq ft remains available for occupancy.
Last year the Welsh Government acquired Number 1 Capital Quarter, an 80,000 sq ft office development. Work is expected to be completed on the building next month. As part of the deal with the Welsh Government, JR Smart committed to building another office scheme, which will be realised with No 2 Capital Quarter.