LaSalle Investment Management (“LaSalle”), a leading global real estate investment manager, has announced that Marsh Corporate Services has taken new larger offices in Churchill House, its landmark office building in Cardiff City Centre.
Marsh, which is a global leader in insurance broking and risk management employing 27,000 people in more than 100 countries, has moved from existing offices in the building to a 6,147 square foot suite on the 4th floor. The 10 year lease is at a rental based on £13.50 per square foot.
Paul Till, Head of Business Space at LaSalle Investment Management, said: “It is testament to the building’s popularity that Marsh Corporate Services has agreed to expand its floorplate at Churchill House. The property had previously been fully occupied but Marsh was able to quickly agree terms on the 4th floor suite once the previous tenant had vacated.”
John James, Director at Fletcher Morgan and Mark Sutton Associate at Knight Frank commented “The building’s location in Churchill Way, is very close to Queen Street Train Station, a multi storey car park and the city’s main bus network. The building’s location, good communications and overall standard make it a popular choice with occupiers. Refurbished to a high standard there is now just one office suite of 2,047 sq ft on the 1st floor available to let.”
LaSalle Investment Management was advised by joint agents Fletcher Morgan and Knight Frank, while Marsh was advised by Huw Thomas Commercial Property Consultancy.
