Builder Appointed for New Admiral Offices
Construction of Admiral Group’s new headquarters in Cardiff city centre will be undertaken by Sir Robert McAlpine Limited, one of the UK's leading construction contractors.
The £60million development, which at 220,000sq ft will be the biggest pre-let office project ever seen in Cardiff will enable the insurance giant to employ more than 3,000 people in a single location offering easy access to public transport, shops, bars and restaurants.
Midland-based property specialist Stoford, developer of the scheme, has appointed Sir Robert McAlpine to undertake construction of the landmark 11-storey building on a half-acre site of the former David Street car park which was demolished as part of the St David’s 2 redevelopment.
Work will start on site in April and the building is scheduled for completion in March 2014.
Tony Nash, Director of Stoford said: “Sir Robert McAlpine is one of the UK’s most reputable construction companies so we are delighted to appoint them to develop such an important and impressive scheme.”
Head of Property for Admiral, Huw Llewellyn said: “We’re delighted with the appointment. The new offices comply with the environment BREEAM ‘Excellent’ standard for sustainability and energy efficiency and will be ‘tailor made’ to our unique cultural needs and provide the very best working environment for our staff.”
Admiral is one of Wales’ biggest employers with more than 4,600 people in Cardiff, Swansea and Newport. It is also Wales’ only FTSE100 company.
Stoford completed a forward-funding agreement with German open-ended fund manager Union Investment in December 2011.