Welsh secretary accepts keys to new UK government hub in Cardiff

On Friday 10 January, Secretary of State for Wales Simon Hart MP was handed the keys to a new UK Government hub building in Cardiff city centre. Contractors ISG will now prepare the building, which is owned and has been forward funded by Legal & General Retirement Institutional (LGRI), for more than 4,000 civil servants from several UK Government departments and agencies to start work in late 2020.

 

  • New base in Cardiff’s Central Square will open doors to 4,000 UK Government civil servants in late 2020
  • Part of UK Government’s commitment to the Union and leveling up Civil Service resources across the whole of the United Kingdom
  • One of 16 UK Government hub buildings currently being created

The Cardiff building, developed by Rightacres Property Company, is one of 16 UK Government hubs currently being created across the UK’s nations and regions. It forms part of the UK Government’s commitment to the Union by building the capacity of the civil service across the whole of the United Kingdom and levelling up resources.

The new development follows the UK Government’s recent announcement of up to £58 million to upgrade Cardiff Central railway station and a £5 billion investment in improving journeys through electrifying the Great Western Mainline between South Wales and London.

The Cardiff building has been named Tŷ William Morgan - William Morgan House, to recognise Bishop William Morgan’s role in maintaining the strength of the Welsh language through his 1588 translation of the Bible into Welsh.

The £100 million 270,000 square foot development has been delivered by Rightacres, Cardiff Council and Legal & General. Designed by architects Gensler and constructed by Sir Robert McAlpine, the 12-storey office building will house staff from a number of UK Government departments in Wales and will also have capacity to host full UK Cabinet meetings. HMRC is the largest occupier – the hub will be its regional centre and bring around 3,600 of its staff to Central Square.

Construction of phase one of the Central Square project commenced in 2014, with One Central Square completed in March 2016 followed by Two Central Square in the summer of 2017.  The new headquarters for BBC Cymru Wales were completed in April 2018 and work begun on the new bus interchange in July 2019.

This investment shows the UK Government’s commitment to Wales and to strengthening the Union, as well as growing the capacity of the civil service outside London. 

Today’s event signals an exciting milestone in the construction of Tŷ William Morgan – William Morgan House which will provide a modern, flexible working environment in the heart of Cardiff for thousands of our civil servants.

Secretary of State for Wales, Simon Hart

Moving thousands of civil servants into the heart of city centres across the UK is helping to boost local economies and ensure that the UK Government is not just centred in London.

This development in Cardiff will bring a real boost to the area, complementing the fantastic government investments that have already been announced for the city.

Minister for Implementation at the Cabinet Office, Jeremy Quin

The delivery of the new Government hub on time and to such a high standard is testament to the collaborative approach adopted on this successful development. The new Government hub is a wonderful example of a modern fit-for-purpose building that is surrounded by excellent amenities and infrastructure. We are excited to see it come to life later this year with employees as Cardiff Central Square enters its final stages of development

Tom Roberts, Head of Strategic Investment at LGIM Real Assets

This is a significant milestone for HMRC, which will bring together more than 3,600 colleagues into Central Square. The department has a large and long-established presence in Wales and the new regional centre in Cardiff demonstrates our commitment to Wales and its economy.

This modern building will bring teams together, so they have the opportunity to work differently and more effectively.

HMRC Director General for Customer Compliance in HMRC, Penny Ciniewicz

This is a team effort as we work with our partners to transform the heart of our capital city with a new gateway to Wales that we can all be proud of.

As one of the most successful regeneration projects in the UK, Central Square is a catalyst for the creation of new civic space and a city centre that is people-friendly, easily accessible, flexible and safe. From the brilliant strategic creativity of the masterplan to the laying of each individual paving slab, the delivery of this iconic development on time and on budget is testament to all involved.

Paul McCarthy, Chief Executive of Rightacres

Notes to editors and credit 

Photo credit: Huw John Photography 

LGIM Real Assets

LGIM Real Assets is a division of Legal & General Investment Management (LGIM), one of Europe’s largest institutional asset managers and a major global investor. LGIM manages £1.1tn in assets (as at 30 June 2019), working with a range of global clients, including pension schemes, sovereign wealth funds, fund distributors and retail investors.  LGIM Real Assets, headed up by Bill Hughes, has AUM of £33.4bn (as 30 June 2019) and is one of the largest private markets investment managers in the UK.  Investing in both debt and equity and across the risk/return spectrum, the platform actively invests in and manages assets across commercial, operational and residential property sectors, as well as infrastructure, real estate, corporate and alternative debt.  By bringing these capabilities together under one platform, the business is able to offer its clients enhanced outcome-focused strategies and diversification benefits, with deep sector understanding across a broader investment universe.  Taking a long term view in order to future proof its investments, the business continues to lead the industry in ESG performance, considering all environmental, social and governance issues at asset level as well as portfolio level.

Legal & General Group

Established in 1836, Legal & General is one of the UK’s leading financial services groups and a major global investor, with international businesses in the US, Europe, Middle East and Asia. With over £1.1 trillion in total assets under management at 30 June 2019, we are the UK’s largest investment manager for corporate pension schemes and a UK market leader in pensions de-risking, life insurance, workplace pensions and retirement income. We have also invested over £22 billion in direct investments such as homes, urban regeneration, clean energy and small business finance.

Legal & General Retirement

Legal & General Retirement works with trustees and sponsoring companies of Defined Benefit (DB) Pension Schemes to settle their pension obligations and secure scheme members’ benefits, through a full range of de-risking solutions to pension schemes of all sizes.

For further information, please contact:

Jack Mulligan             

PR Manager, LGIM Real Assets

Tel: 0203 124 2236

Email: Jack.Mulligan@lgim.com

http://www.legalandgeneralcapital.com/

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