CardiffWalesMap

RandomComment wrote:The foodhall on the groundfloor of the ledger has been replaced by a bunch of retail units facing out on to the square.

I think this will probably make it harder to market the retail/catering space, but probably makes sense from the perspective of an office occupier - if it is a single tenant in particular. The original design was cool but rather unusual - the office reception being surrounded on at least 2 sides by a market / street-food type venue. Perhaps work for a multi-let building focused on creative, tech type firms, but not for a professional services firm.

Because I'm guessing that L&G might be moving to this building, rather than the Interchange. Because the interchange doesn't require such pre-let activity to progress with, Rightacres are probably happy to steer such a big occupier to this building, and go for a multi-let strategy for the Interchange.

Could be wrong as no specific knowledge though.

Thewasp wrote:So the 50 restaurants and bars have been changed to 9 retail units like Boots, Starbucks, Tesco Express, Gregg's, etc..
Great.

Moftow wrote:

Thewasp wrote:So the 50 restaurants and bars have been changed to 9 retail units like Boots, Starbucks, Tesco Express, Gregg's, etc..
Great.

I doubted that there would end up being 50 bars, restaurants, etc when the plans first came out. I think we may end up with something less 'grand' and ambitious, but something that will still add another element to this part of town. It's interesting though that for the apparent desparate need for new office space, there isn't the necessary demand for it yet.

RandomComment wrote:Just to note, I decided to read the cover letter for the reduction in scale and redesign of the Ledger building. It says they have identified a single occupier for the whole building. Not many organisations would need 170,000 square feet in Cardiff. Only ones I can think of are:
- L&G - and that would allow a bit of an expansion
- Cardiff Council, but surely they'd have to be worried about the bad PR of being in the most expensive/prestigious new development in the city
- A big incoming investor

RandomComment wrote:Just to note, I decided to read the cover letter for the reduction in scale and redesign of the Ledger building. It says they have identified a single occupier for the whole building. Not many organisations would need 170,000 square feet in Cardiff. Only ones I can think of are:
- L&G - and that would allow a bit of an expansion
- Cardiff Council, but surely they'd have to be worried about the bad PR of being in the most expensive/prestigious new development in the city
- A big incoming investor

Ash wrote:BT would make sense. Despite a turn of the century refurb Stadium House must be approaching its sell-by date in tech terms. I've never been inside but I'm guessing it would convert pretty easily to residential / hotel use.