Callaghan Square, Cardiff
London Wall has provided a £22.2 million refinancing packaging for the refurbishment of a 94,000-square-foot office at 1 Callaghan Square, Cardiff. The overhaul of the building will provide a modern, sustainable space for occupiers in the region, including Eversheds Sutherland.
- Location: Callaghan Square, Cardiff
- Loan Amount: £22.2m
- Type: Commercial Development
- Term: 24 months
- LTGDV: 65%
Key ESG considerations:
- Works are to add new technologies which greatly improve the energy efficiency of the building, and in turn, bringing current EPC rating up to ‘B’.
- The existing gas fired heating system will be replaced with an electrically powered system with electricity being procured from renewable sources.