New Admiral office in Newport reaches key milestone
Admiral's new office in Newport has reached an important milestone marked by a 'topping out' ceremony marking the completion of the highest point of the project.
The ceremony was attended by representatives from Admiral Group, Scarborough Development Group, its funding partner Investec Bank, and Newport City Council. Four members of Admiral staff who will be working at the building, also attended.
Topping out marks the completion of the building's frame. Internal fitting out and final completion is scheduled for August 2014.
The 80,800 sq ft office block is central to the first phase of the redevelopment of the city's Cambrian Centre, which gained planning approval from Newport City Council in April 2012.
This phase of redevelopment also includes retail and leisure space, car parking, and a public plaza, located opposite the city's recently remodelled railway station. Construction of these elements is underway and is due to be completed by August 2014.
Huw Llewellyn, Head of Property, at Admiral Group said, "This is an important day for Admiral and for the city of Newport as it marks tremendous progress in the development of our new building. The building will provide Admiral staff with a fantastic working environment which is key to our unique culture and its easy access to both bus and train services will benefit our employees greatly and make us more accessible to future recruits. We hope the local economy and Newport city will also benefit from the increased footfall our employees will bring into the heart of the city centre as well."
Admiral Group currently employs 490 people in two offices at Langstone Business Park on the outskirts of Newport and more than 4,750 in Cardiff and Swansea.
Mark Jackson, managing director of Scarborough Development Group said, "We are delighted to be developing such a significant building in Newport for a major local employer such as Admiral Group.
"Having reached completion of the main structure, it is an opportune time to acknowledge the efforts of Newport City Council for enabling this project to be brought forward despite the challenging state of the economy.
"We recognise that its scale and location makes this building an important landmark at the gateway to Newport, and that it has a wider role to play in the regeneration of the City."
Councillor Bob Bright, leader of Newport City Council, said, ""This will be a landmark building and will stand out as a symbol of regeneration to passengers travelling into South Wales on the intercity rail line.
"It will be a striking image for those visiting South Wales demonstrating that the city and the region are on the up with the decision of a major UK employer to relocate here, bringing with hundreds of quality jobs and a real boost to the economy of city centre."