That’s why, in 2023, we will move our almost 2,000 Cardiff employees to the brand new £140 million Interchange building in Central Square. In doing so, we are committing to Cardiff for another 25 years, and beyond.
The money we are putting into the Interchange is part of £450 million of investment that is regenerating Central Square. This project is bringing up to 13,000 and will create £1.1 billion of gross value added, giving Cardiff an even brighter future, one that we want to continue to be part of.
Our history with Cardiff
Since opening two offices in Cardiff in the late 90s, we have expanded our business tremendously, given back to the community via charitable enterprises and invested in the city’s infrastructure. From running a financial education programme for schoolchildren in Cardiff, to setting up a Welsh Social Enterprise Assist Fund, our presence in the city has long had inclusive capitalism at its heart.
£200 million
Legal & General provided £200 million of financing to the Wales & Borders franchise in 2019. The money will be used to improve services for train passengers while reducing carbon emissions through electrification.
Our new Cardiff HQ
Since opening two offices in Cardiff in the late 90s, we have expanded our business tremendously, given back to the community via charitable enterprises and invested in the city’s infrastructure. From running a financial education programme for schoolchildren in Cardiff, to setting up a Welsh Social Enterprise Assist Fund, our presence in the city has long had inclusive capitalism at its heart.
Keeping it local
In line with our commitment to inclusive capitalism, we are using local suppliers and products on The Interchange where possible. This will create jobs and skills in the local area and improve the social value the building delivers.
Net Zero
The fit out of the building is targeting net zero carbon and we are reducing embodied carbon throughout the base build. Our aim is to be certified BREEAM Outstanding, a top sustainability rating.
Regenerating Central Square
Legal & General’s office space in The Interchange is the fifth stage of a much bigger scheme to regenerate Central Square. The £400 million project is the largest privately funded development in Wales and includes 318 build-to-rent homes and a 14-bay bus station. Previous stages involved the development of the BBC Wales headquarters and the Government Hub, which is home to 4,000 public servants from a number of government departments, including HMRC, which is the biggest occupier. This collaborative effort with government stakeholders and developer Rightacres aims to set the city apart as one of the UK’s top places to live, work and invest.
£1.1 billion
Over the years, Legal & General has invested nearly £1.1B GVA in Cardiff*.
* Legal & General Press Release, 30 October 2020