Landmark building on sale for £17,000,000

ONE of Cardiff’s prime office buildings has been put for sale with a £17m-plus price tag.

The One Kingsway building, which has seven floors, is being marketed by property advisory firm JLL on behalf of an undisclosed private charity.

The building, which recently underwent £3m of investment, has a range of occupiers including professional advisory firm PwC, NatWest, the British Council and

Avison Young. It generates a rental income of just over £1m a year.

Justin Millett, lead director at JLL’s Cardiff office, said: “We have been very encouraged by the levels of interest for this high-profile landmark building. The asset offers strong rental growth potential and an opportunity to drive investment returns through proactive asset management.

JLL are also the marketing agents for the vacant office space in the building, with part of the ground floor under offer and strong interest in part of the sixth floor.

JLL itself did occupy space on the ground floor of the building but recently relocated to office space – shared with Grant Thornton – at the Callaghan Square development close to Cardiff Central Railway Station. One Kingsway’s biggest occupier, PwC, recently struck a new lease agreement until 2026 – with a break in late 2025.