Legal & General has announced it is set to relocate its two group offices to a 120,000 sq. ft. facility in Cardiff’s Central Square, as part of a £450m regeneration scheme.
The move is planned for early 2023 and 1,800 Legal & General employees will relocate from its existing offices in Cardiff to a modern, eight-storey office space within ‘The Interchange’.
Nigel Wilson, chief executive of Legal & General, 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.”
He added: “Even in the wake of the 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 (GVA) to the region and create up to 13,000 new jobs.”
Councillor Russell Goodway, cabinet member for Investment and Development at Cardiff Council, said: “The new interchange building is being delivered on a fully commercial basis and the announcement that Legal & General will be relocating their headquarters to the Interchange is a major investment into the project and the city.
“This has been made possible by working closely with Welsh Government and Transport for Wales and I am pleased to see the mixed-use scheme is now both affordable and commercially viable and the build is well underway.”