The Maltings expand to meet Welsh SME requirements

Cardiff office space provider, The Maltings, is redeveloping 17,000 sq ft of unused space to create a mixture of self-managed and serviced office accommodation.The new office space will be the first time The Maltings has ever offered serviced accommodation and in a bid to cater for the needs of start-ups and SMEs, tenants will get access to flexible leases as well as communal board rooms, hot desking facilities and video conference suites.

The redevelopment costing in excess of ?2 million comes in response to increased interest in The Maltings, which is almost at capacity, with BD Consulting (UK) Ltd and JacBee Ltd recently taking up space. The Maltings is now home to over 15 businesses which take up a total of 25,000 sq ft, all of whom enjoy both 24 hours security and on-site parking.

Managing director for The Maltings, Kathy Fox said; ?Despite a difficult year, interest in our office space has remained strong and we have fortunately been able to weather the economic storm and keep our occupancy levels high. Due to increasing demand, we have decided to redevelop a vast expanse of unused space at The Maltings into new office facilities. As the providers of office space for a number of start-ups and SMEs, we know that there is an attraction to the flexible tenure that we offer, with no hidden costs.

?Our new development will continue to meet the needs of this sector by providing a mixture of serviced and self-managed office and flexible rental arrangements to meet long or short stay requirements. Office suites will range in size from 250 to 1,500 square feet and tenants will benefit from around-the-clock access, 24-hour on-site security, CCTV cover, on-site parking as well as new facilities such as video conferencing and hot desking.?

Situated between Cardiff Bay and the City Centre, The Maltings is a Grade II Victorian listed building.

The redevelopment is due to be complete by Spring 2011.