As the commercial property bubble appears to have been pricked by Brexit, I see that HMRC in Cardiff has just secured the largest property deal of the year in Cardiff with Cooke & Arkwright.
HMRC has completed on 54,587 sq ft at Brunel House.
HMRC has an ongoing long term requirement for its Welsh regional hub, bringing new work to Wales and accommodating up to 3,800 full-time posts in the city centre by 2019.
Brunel House is managed by Mercer Real Estate Partners. Alex Hardwick, from Mercer, is quoted by Wales Online:
“We are delighted to have secured such a substantial letting to the building within such a short timeframe of taking over the building, and look forward to welcoming HMRC to Brunel House."Meanwhile...
Tax does have to be taxing.
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