German-owned construction group Goldbeck has been chosen to build a new 100,000 sq ft headquarters for Council in . The new HQ is scheduled to open around the same time as the 15,000-seater indoor arena - subject to financial close this spring - in 2027.
Both schemes form part of the wider Atlantic Wharf 30-acre mixed-use regeneration scheme, with plans for leisure, restaurant and hotel developments, as well as office and residential.
Goldbeck 海角视频 has entering into a pre-contract service agreement (PCSA) with the council - which will finalise the cost and design of the building - before entering into a development agreement later this year.
The project will be the biggest undertaken by Goldbeck鈥檚 海角视频 subsidiary. It will finance its construction through its group investment company Indigo. On completion , using its long-term borrowing powers with the Treasury鈥檚 Public Works Loans Board (PWLB), will acquire the building.
The council鈥檚 cost, while yet to be finalised, will be around 拢60m. The payment of interest and capital on its PWLB borrowing will partly be covered from savings generating by operating a smaller and more energy efficient building that its current 270,000 sq ft County Hall building. The existing building will be demolished with the land freed up for mainly residential development at Atlantic Wharf.
The building will also provide new studio and production facilities for the Wales Millennium Centre to help training and developing talent in the performing arts. It will arranged its own funding mechanism for ownership post construction.
Craig Davies, managing director of Goldbeck 海角视频, said: 鈥淭he new County Hall to be built by Goldbeck 海角视频 for Cardiff Council at Atlantic Wharf will use our industry-leading construction model to deliver an operationally zero-carbon building.
鈥淭he new office space will provide a modern working environment more closely tailored to the council鈥檚 needs and have significantly lower operating costs to the current building it replaces.
"As we manage all aspects of the project from architectural design to the manufacture of materials and assembly on-site, we ensure tight cost control, which is a top priority for Cardiff Council and vital to the success of the Atlantic Wharf area redevelopment as a future working and cultural hub for the city.鈥
He added: 鈥淎tlantic Wharf is exactly the type of mixed-use sustainable development project delivering modern commercial space, private and affordable housing and leisure facilities, with new urban infrastructure, that is urgently needed across the 海角视频 to support local communities and drive the country鈥檚 economic growth. The 海角视频 potentially will be the biggest construction growth market in Europe over the next 10 years.
"However without a radical shift in approach by the British building industry, which is plagued by project delays and cost-overruns, government will struggle to reach affordable housing and infrastructure development targets. Goldbeck aims to be a disrupter in the 海角视频 market and demonstrate how our flexible, integrated construction model can overcome the hurdles holding the industry back.鈥
