Legal & General reaches an important milestone today in its £1bn regeneration project in Cardiff as it opens its new Welsh headquarters. Today, over 2,500 Legal & General employees move into 120,000 sq ft of Grade A office space in Cardiff Central Square.
30 Oct 2023
Legal & General’s investment in Central Square has been a significant driver in Cardiff becoming one of the fastest growing employment hubs in the UK – upon completion, it will create space for 13,000 new jobs.
Construction of Legal & General’s Welsh headquarters – named Calon, Welsh for heart – began in December 2019 with works completing earlier this year. Legal & General’s new workplace meets the highest standards in sustainable design. There is no gas in the building, and it can generate its own electricity from solar panels and air source heat pumps. The office is on track to achieve a BREEAM Outstanding rating and is also targeting Nabers UK 5-star to ensure it remains Net Zero aligned in operations.
Calon is also targeting a WELL Platinum rating, the highest standard in design for wellbeing. With over 3,000 living plants and natural lighting throughout, it has occupants’ wellbeing at its core.
Legal & General’s investment in its new office has benefitted not only employees but the community as well. Over £11 million was spent with suppliers in the Cardiff area during the fit out of the office. Legal & General and its supply chain also delivered over 516 weeks of apprenticeships, 18 weeks of work experience and 332 hours of career support sessions in Cardiff over the course of the build.
Sir Nigel Wilson, Group CEO: The opening of Calon, Legal & General’s new Welsh headquarters in Central Square, demonstrates our ongoing commitment to Cardiff, as an employer and an investor. Since 2019, we’ve grown our team in Wales by a third, to 2,500 employees. We invested over £1 billion in the city, making Legal & General Cardiff’s largest private investor and one of its biggest private employers. Moving our offices to the heart of our investment in the city is a testament to the role we believe businesses like ours can play in levelling up, and our confidence in the future of Cardiff.
Emma Hardaker-Jones, Group HR Director:
Building a more sustainable future is at the heart of what we do; it’s in our DNA and it is one of the reasons people choose to join and stay at L&G. This enables us to impact our customers’ lives and the communities we live in. Calon is a brilliant example of what we do best and is a tremendous source of pride for all of us at L&G.
Office fit-out partners
Key sustainability features
Key wellbeing features
L&G’s Cardiff investment
Established in 1836, Legal & General is one of the UK's leading financial services groups and a major global investor, with over £1.2 trillion in total assets under management* of which 39% is international. We have a unique and highly synergistic business model, which continues to drive strong returns. Legal & General provides powerful asset origination and management capabilities directly to clients, which also underpin our leading retirement and protection solutions. We are a leading international player in Pension Risk Transfer, in UK and US life insurance, and in UK workplace pensions and retirement income. Our purpose is to improve the lives of our customers and create value for our shareholders. Through inclusive capitalism, we are investing in long-term assets, such as real estate and infrastructure, that can help build a better society for the future.
*as at HY 2023