Designed by Cardiff-based Holder Mathias Architects, the building will offer flexible spaces for collaboration, with almost half of the office dedicated to formal and informal meeting spaces. State-of-the-art technology will also be integrated into the building to enable hybrid working methods and monitor the building`s use and energy efficiency in real time. Plot 5 between the new HMRC and Media Wales buildings could provide new offices and residential space. As part of the wider £450 million redevelopment of Central Square, funded by Legal & General, The Interchange will also include 318 rental apartments (BTRs) and a 14-bay bus station provided by local developer Rightacres and contractor ISG. Other suppliers contributing to office equipment include McCanns engineers, sustainability consultant Cundalls, McLeod + Aitken cost managers, PWC project managers and quantity surveyors Faithful + Gould. The move, scheduled for early 2023, will see more than 1,800 Legal & General employees move from their existing offices in Cardiff to modern eight-storey offices within The Interchange. It will be adjacent to the new BBC Cymru Wales Broadcasting Studio, HMRC and Cardiff Transport Interchange. Other suppliers who contributed to the office expansion included engineer McCanns, sustainability consultant Cundalls, cost manager McLeod+Aitken, PWC project manager and quantity expert Faithful+Gould. Last year, a major £10 million renovation and rebranding was completed to bring Cardiff`s eight-storey, 110,000m² office building into the 21st century. Now it is a question of creating a converted reception with a business lounge and proceeding to the complete renovation of the ground floor, first and second floors. The work is expected to be completed by the end of the year. Welsh Minister for Economic Affairs and Transport, Ken Skates, said: “I am delighted to hear that L&G will be moving into offices at the motorway junction in the heart of our capital with easy access to multimodal transport.
After expansions, war damage repairs and the addition of two attic floors, it eventually became the headquarters of its namesake, the Julian Hodge Bank. More recently, it housed the Slaters Menswear retail store before the upper floors were completely converted into offices. L&G said equipping its new offices will aim for carbon neutrality. It currently operates in the city from the Brunel House and Knox Court office systems, where it employs more than 1,800 people. A first look at Legal & General`s new office in Cardiff Central Square. In line with L&G`s broader ESG commitments, office equipment will aim for carbon neutrality as well as the BREEAM Outstanding Standard for Sustainable Design. Financial services firm Legal & General is investing in a new headquarters for nearly 2,000 employees in central Cardiff to significantly boost the city`s office market and economy. The office also aims for a four-star rating from Nabers UK for net zero operational performance and has been developed in accordance with Well Platinum standards to ensure that employee wellbeing is factored into every element of the design. This focus on sustainability and wellbeing, coupled with a commitment to local employment and supply chain spending, will result in office equipment alone delivering an estimated £9 million of social value to the surrounding region.
In line with Legal & General`s broader ESG commitments, office equipment will aim for carbon neutrality as well as the BREEAM Outstanding Standard for Sustainable Design. Sustainable and local materials, including carpets made from recycled fishing nets, were used throughout the building. Technologies such as air-source heat pumps, renewable energy and a natural air cooling system allow the building to operate without fossil fuels. The Cardiffer office of real estate consultancy Knight Frank worked for L&G in the trade rental sector. Driven by employee feedback on how they want to work in the future, office layout offers a variety of spaces for different types of work, from open collaboration spaces to quiet areas for targeted tasks. Legal & General will move into its new office at The Interchange in early 2023. As part of the company`s continued growth in the city, Legal & General has a number of vacancies to strengthen its teams in Cardiff here: Legal & General: Search & Apply (legalandgeneralgroup.com) L&G, which has supported the progressive development of Rightacres` Central Square with over £400 million in term funding and annuity fund support, will open the eight-storey office component of the Interchange program in early 2023 once completed. of the building in November. 2022. The building under construction, which is part of the exchange program on the wider central square of the city center, will be able to accommodate 1,800 employees. It will bring employees together under one roof in its current offices at Knox Court and Brunel House. Kevin McElroy, Chief Operating Officer at ISG, added: “ISG looks forward to helping L&G achieve its vision of the office of the future.
This is a great opportunity to continue to focus on the social value of Central Square projects and work with our local supply chain partners to create jobs in the region. The three-storey green wall at the reception desk of Legal & General`s new Cardiff office adds the instant `wow` factor and contributes to sustainability and air quality. “It will provide more flexible, high-quality spaces in a great location where office workers can travel and work safely. Hodge House enjoys an excellent central location opposite the stadium and is – with all the amenities of central Cardiff – a very attractive proposition. Legal & General`s commitment to Central Square was announced in late 2015, with the company having already delivered more than 700,000 square feet of office space alongside several retail units. The programme is one of many of Legal & General`s many major renovation programmes in UK cities, including projects in Newcastle, Salford and Sunderland. Through dynamic partnerships with the public and private sectors, Legal & General has so far invested more than £25 billion in direct investments such as clean energy, transport infrastructure and collective housing, recycled UK pension funding and savings to support regional economic growth. “We believe that a new form of office plays a key role in the future of cities and creates an innovative space that will further increase productivity, collaboration and the exchange of ideas. These are truly the most important functions of an office and these are, in my opinion, the reasons why shared workspaces will continue to play a vital role in the economy. This announcement marks one of the largest office leases in the UK this year and the new state-of-the-art office and related services will provide employees with a collaborative and agile space to cope with changes in working practices as a result of Covid-19. It will focus on employee well-being and well-being, including bicycle and change room facilities, a café, a social room and an outdoor terrace to meet changing needs. In line with Legal & General`s broader ESG commitments, the endowment will aim for net carbon neutrality and reduce grey carbon across the baseline.
It is also developed in accordance with Well Gold and BREEAM standards. While the new offices have been approved for approximately 21 parking spaces, this is expected to be reduced to make room for more bike storage as part of L&G`s net-zero carbon strategy. The head office is the office element of the interchange project provided by Rightacres Property, which is also building a new bus station with 14 bays for the city and 318 for renting apartments for L&G Homes. “The successful first phase of renovation has delivered fantastic modern spaces in a boutique building and this new phase is a true endorsement of Legal and General`s confidence in Cardiff and the office sector as a whole. Alex Pease, Chief Investment Officer at Watkin Jones, said: “We are delighted to be working with Legal & General on further development. The projects we carry out together will create excellent homes, act as a catalyst for the regeneration of the surrounding areas and help improve people`s lives. We look forward to contributing our expertise to an extremely exciting regeneration master plan. The £140 million exchange building is the fifth phase of development in the Cardiff Square redevelopment plan, which will include 318 rental apartments (BTRs) and a 14-bay bus station in addition to offices for Legal & General. Carried out in collaboration with government officials and Cardiff-based developer Rightacres, the project creates a world-class regeneration project that distinguishes the city as one of the leading places to live, work and invest in the UK.