Digital bank Starling has expanded its office in Cardiff following a major letting deal that underpins its expansion plans.
Starling, which already occupied 27,907 sq ft on the 5th and 8th floors of the city centre Brunel House scheme, has taken an extra 14,445 sq ft of space on the 14th floor. The expansion takes its office space to just over 42,000 sq ft, under a single five-year lease at an annual rental of £18 per sq ft. Property agency JLL represented Starling on the transaction.
Property consultancies Cooke and Arkwright and Knight Frank are joint letting agents for Brunel, acting on behalf of landlord Castleforge.
Brunel House extends to 225,000 sq ft and is the largest multi-let office building in the centre of Cardiff, with floor plates capable of accommodating up to 220 staff per floor. The building has undergone extensive refurbishment in recent years.
Starling, which was founded by Swansea-born Anne Boden in 2014,now has than four million current and business 海角视频 bank accounts. It has offices in London, Cardiff, Southampton and Manchester. It employs more than 800 in Cardiff.
Rhydian Morris of JLL said: “The expansion floor acquired by Starling Bank at Brunel House provides impressive views of Cardiff as well as this letting being a welcome boost to the office take-up and more importantly the creation of new job opportunities in the city.
“The amenity offer at the building is of high quality with the flex offer, coffee shop, business lounge, bike parking as well as the shower and changing facilities and I am sure that Starling Bank will continue to be very happy at Brunel House.”
Mark Siddons, of Cooke & Arkwright, said: “It is very satisfying to have secured this outcome for the landlord in what is currently a slightly uncertain office market. We are confident the quality of the building will continue to match Starling’s needs and we look forward to working with them again in the future.”
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Mark Sutton, partner at Knight Frank, added: “Starling is a great example of Brunel’s capacity to allow tenants to grow within the building. With suites from 600 sq ft upwards through to entire 14,000 sq ft floors for larger organisations, Brunel can flex with the needs of occupiers.”
Jack Beckett, leasing manager at Castleforge added: “We are delighted that Starling Bank has chosen to take additional space in Brunel and continue to grow its regional headquarters in one of our assets.
"Brunel has undergone extensive redevelopment in recent years, offering tenants a wide range of amenities. At Castleforge, we work with tenants to deliver spaces from a blank slate through to fully fitted and managed spaces, ensuring a smooth day-to-day running.”