One of Cardiff’s biggest private sector employers, MotoNovo Finance, is reviewing its office requirements which could it see moving to a much smaller location.
The car finance venture, which is part of Aldermore Bank, employs around 800 staff in the city centre at the One Central Square office building at the wider Central Square development. It currently occupies around 71,000 sq ft of office space across five floors - making it the building’s biggest single tenant with more than half of its entire space.
With the pandemic accelerating the move towards hybrid working across the UK workplace, it is understood that MotoNovo has commenced a review of its office needs, while remaining committed to maintaining its presence in the capital. While not commenting it is understood that the review is looking at a number of options including maintaining its current space in the building, but creating more meeting room and collaboration areas. However, the most likely outcome will come from the review’s two other option; seeking to offload space by subletting it to another firm or a number of tenants and a third option of leaving the building.
