Construction of the UK Government Property Hub at Central Square in Cardiff commenced with a ground breaking ceremony, marking the beginning of a two-year project taken up under a public-private alliance.
The new 270,000 sq ft building is due for completion by the end of 2019, Legal & General, a UK-based financial services group, stated in a release.
The UK hub is the fourth building at Central Square, where local property development company Rightacres is spearheading the development in partnership with Cardiff Council and funders Legal & General.
The building, being built on a site that remained neglected for over 10 years, will form the backdrop to a new public square. The new BBC headquarters will also front the square.
Part of the government’s plans to build strong civil servant bases across the UK, the Cardiff hub will house more than 4,000 public servants from several departments, including the HMRC, which will be the majority occupier.
The Central Square, with a host of blue chip tenants, including the UK government, will be one of the 13 regional centres and the Office for the Secretary of State for Wales. It has been established as one of the most successful regeneration projects in the UK.
Construction of phase one project began in 2014 and One Central Square was completed in March 2016.
Work has already begun on phases two and three of Rightacres’ and Legal & General’s scheme, which includes a £120m headquarters for BBC Cymru Wales, and is expected to be completed by mid-2018. This scheme will offer a range of local dining options and amenities for the employees.
The HMRC had announced a 10-year transformation programme in 2015 to create a tax authority for the future and committed to creating high-quality jobs and 13 new regional centres over the next five years.