25. Juli 2012 Print
Cardiff's Capital Tower sold to Topland for £12m
Capital Tower and Friary House comprise over 190,000 sq ft of predominantly office space with additional leisure and a multi-storey car park. The buildings are 94% let to tenants including Admiral Insurance (home to their current headquarters), Tiger Tiger, The Secretary of State, The Law Society and Hilton Hotel. Over half the income is secured to Admiral Insurance for a further circa. 2.5 years until their planned move to a new headquarters building.
Powell Lloyd acted on behalf of Topland. DTZ acted on behalf of the vendor.