Transforming empty offices into commercial hubs in Cardiff Bay

How we helped 

A long-standing client, PropertyIndex, specialise in redeveloping underused commercial buildings into affordable commercial and creative spaces.

This particular project, Global Link, located in Cardiff Bay, has seen the transformation of large empty offices, spanning over 28,000 square feet, into a thriving business hub.

Following the initial purchase in 2022, the client’s strong management team has worked tirelessly to build up an impressive annual turnover of almost £0.5m.  Off the back of this success, Principality Commercial has provided £2.6m of investment funds, which will be reinjected back into the business to facilitate further portfolio growth. 

Chris Spiteri, Director of PropertyIndex says “We have a longstanding relationship with Principality, one which gives us confidence in our operation. We plan to continue this relationship for many years to come.”

More about this project

Community is at the core of Global Link’s success and it is now home to over 60 diverse businesses, which are servicing the needs of the local commercial community and beyond. 

This type of commercial funding aligns neatly with Principality’s Commercial strategic commitment to support thriving communities at the heart of a diverse and inclusive society. 

Chad Griffiths, Senior Portfolio Manager, at Principality Commercial said “I’m delighted that Principality Commercial have been able to support our long term clients, PropertyIndex, with their continued expansion. The success of this project shows there remains a strong market for flexible, affordable office space for growing businesses.”