SevenCitiesLdn Makes First Move In Regional Office Strategy With Prime Cardiff Acquisition
- sevencapitalaccount
- May 12
- 1 min read
SevenCitiesLdn has completed the acquisition of Hodge House, a prime office and retail asset in Cardiff city centre, in a deal understood to mark one of the most prominent office transactions in the Welsh capital for years.
The 135,000 sq ft building, widely regarded as one of Cardiff’s best office assets, has recently undergone a comprehensive refurbishment and offers a strong income profile alongside clear reversionary upside.
The acquisition represents the first investment under SevenCitiesLdn’s new prime regional office strategy, which focuses on best-in-class assets across the UK’s key regional cities. The business is actively progressing further opportunities in Manchester, Edinburgh, Birmingham, Bristol, Glasgow and Leeds, with the ambition of growing the portfolio to in excess of £250m. Assets under consideration range from high-yielding, recently refurbished offices through to fully vacant assets requiring comprehensive repositioning.
Gareth Lloyd, Knight Frank advised the vendor, while Tom Fazakerley, Savills acted on behalf of SevenCitiesLdn.
Giles Hoare of SevenCitiesLdn said:
“Hodge House is a standout building and a rare opportunity to acquire one of Cardiff’s prime office assets. It sets a strong benchmark for our regional office strategy, where we are focused on high-quality, well-located buildings with attractive income and asset management angles.”
Cam Mitchell of SevenCitiesLdn added:
“This is a compelling first acquisition for the strategy. We have strong conviction in the regional office markets and are seeing an increasing number of opportunities where pricing and fundamentals align. We are actively looking to deploy further capital and build scale across the key UK cities.”
