Lloyds is considering leaving its current commercial finance operation building in the centre of Cardiff for a new location, it is understood. It currently employs hundreds of people as the sole occupier of the near 140,000 sq ft St William House building.
With its current lease on the building, the freehold interest in which is owned by Schroders, expiring next year the close to completion John Street office scheme has emerged as a potential new location frontrunner. The speculative grade A office scheme from Cardiff-based property development firm JR Smart, will provide around 110,000 sq ft of new office space. The project is just yards away from St William House.
Property advisors to Lloyds, CBRE, declined to comment when asked if Lloyds is reviewing its occupancy of St William House. Marketing agents for JR Smart’s John Street scheme, Knight Frank also declined to comment. Shroders acquired the building in a 2010 in a £34.46m deal back in 2010.
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