L&G to relocate its offices to Cardiff Square scheme

Legal & General is to merge its two group offices in Cardiff into a 120,000 sq ft building at its £450m Cardiff Square regeneration scheme. The £140m eight-storey building, to be known as the Interchange, will house 1,800 L&G employees from early 2023. It will be located alongside the new BBC Cymru Wales broadcasting studio, HMRC and Cardiff Transport Interchange and house a café, social space and external terraces. The fit-out is to target net-zero carbon. Cardiff-based developer RightAcres began construction on the Holder Mathias Architects-designed building in December 2019. It is due to complete in November 2022. Nigel Wilson, chief executive of L&G, said: “This is a landmark moment for Legal & General, bringing almost 2,000 of our people to a modern, state-of-the-art office space which sits within one of our most iconic regeneration schemes. “We believe a new form of office has a key role in the future of towns and cities and are creating a space which is pioneering and innovative and will continue to drive up productivity, collaboration and idea-sharing. “Even in the wake of the (Covid-19) crisis, we continue to commit to UK towns and cities, creating new opportunities for local people and helping to boost regional economic output. I am extremely proud of our work we have done at Central Square, which upon completion will add around £1.1bn of gross value added to the region and create up to 13,000 new jobs.” L&G’s wider redevelopment at Cardiff Square includes 318 build-to-rent homes and a 14-bay bus station. To send feedback, e-mail louise.dransfield@egi.co.uk or tweet @DransfieldL or @estatesgazette