The first internal images of Legal & General’s new 120,000 sq ft headquarters in Cardiff have been revealed.
The under construction building, which forms part of the Interchange scheme at the wider Central Square development in the centre of the city, will have capacity for 1,800 staff. It will bring staff at its current offices in the city at Knox Court and Brunel House under one roof.
The financial services giant will take possession of the building in December next year and will start to move staff in from the end of Q1 2023.
Designed by Holder Mathias Architects the building will provide flexible spaces for collaboration, with almost half of the office dedicated to formal and informal meeting space. Technology incorporated will enable hybrid ways of working, as well as the monitoring of building usage and energy performance in real-time.
The office design provides a variety of spaces for different types of work, from open collaboration space to quiet areas for focused tasks. Design features include a three-storey living wall in reception, a 140-seat auditorium with screen for physical and virtual events, and a rooftop terrace affording views across the city and beyond..
In line with L&G’s wider commitments to ESG (environmental, social and governance), the office fit out will target net zero carbon, as well as the BREEAM outstanding standard for sustainable design. Sustainable and locally-sourced materials, including carpets made from recycled fishnets, have been used throughout the building.
Technology including air source heat pumps, renewables and a natural air-cooling system mean the building will be able to operate without relying on fossil fuels.
The office fit out alone deliver an estimated £9m of social value to the surrounding area.
Most Read
The HQ forms the office element of the Interchange scheme, being delivered by Rightacres Property, that will also see a new 14-bay bus station for the city and 318 build to rent apartments for L&G Homes.
Sign up for your daily BusinessLive East Midlands newsletter
You can get all the day's business news from the East Midlands sent to your email inbox each morning.
By signing up here, we will deliver the headlines from companies in Derbyshire, Nottinghamshire, Leciestershire and Rutland straight to your email inbox every morning.
Our specialist team of business writers will bring you stories from a range of sectors, reporting on companies large and small.
Heather Andrews, director of employee experience at L&G said: “Our first principle has been to understand how our business and our people want to work in future, and what they need from an office space to help them perform at their best. By running surveys and focus groups, we’ve put our people at the heart of the office’s design, and created spaces that give them flexibility on where in the building they want to work, with who and how.”
Carys Humphries, associate with Holder Mathias, said: “Working with Legal & General on their new Cardiff office has been very invigorating. Their unwavering commitment to deliver a building which is both environmentally and socially responsible, has allowed us to pursue design concepts founded on the principles of well-being, biophilic and sustainable design."
On completion of the scheme the property investment will be acquired by L&G’s Limited Price Inflation Fund having been forward funded by the group’s capital fund.
L&G as a tenant has agreed a 25-year lease. ISG is the main contractor on the Interchange scheme.