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Home / Latest News / New HQ for insurance giant Admiral reaches for the sky

New HQ for insurance giant Admiral reaches for the sky

One of the biggest ever  commercial office developments in  Wales, which  will serve as a  new  headquarters for motor insurance group Admiral in  Cardiff, is on track for  completion next year.

The 245,000sq ft building in the centre of  Cardiff, which is been developed by Stoford with  Robert McAlpine as the  led  contract, has reached  its highest point.

Over the next 12 months  the  focus will be the external work  on the frame  of the building –  for which  Admiral has yet to  decide  on a name – as well as  the  £5m fit-out of the building.

As part of the consultation process with staff the  main meeting rooms of  each floor will be  named  after famous Welsh  sporting figures.

Smaller  rooms will be  named after districts of  Cardiff.

When the building is  handed  over next summer,  Admiral  will begin moving in existing  offices at a  number of sites in  the site,  including Capital  Tower  and the Friary.

The building which is  being  developed and fitted out at a  cost of £40m,  will see Admiral  entering  into a 25-year  lease with  the landlords.

Last year it was   sold by  Stoford in a £58.7m deal  to  German-owned Union Investment Real Estate.

At present Admiral,  which is  actively recruiting, has a workforce of  2,550 in Cardiff and  5,000  across South Wales with  offices in Newport and  Swansea.

The new building will  capacity  for 3,000 staff.  The ground  floor  will be   owned by Admiral, which  will  look to tenants to occupy three  stand-alone  units, which a food  outlet and a newsagents.

It is anticipated that Admiral’s  workforce in the  capital will be  in the building by Christmas  2014.

Tony Nash of Stoford  said the  building had been  designed  with the workforce in mind.

“It has been a pleasure  working  with Cardiff  council who have  been  very supportive.”

He also confirmed that  Stoford  were looking at a  number of  potential opportunities in Cardiff, including refurbishing existing properties and new  build.

On the topping out ceremony  milestone Admiral’s chief operating officer  David Steven  said:  “This is  an important day  for us as  it marks tremendous  progress in the development  of  our new headquarters  which  will provide all of us  at Admiral with a fantastic  working  environment in  the heart of the  city.

“There are very few  office locations in the  UK or even  Europe that  offer so many  shopping,  eating and travelling  options in easy walking distance.”

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