Admiral signs deal on Newport offices
10:50am Friday 1st February 2013 in News
A WELSH insurance company has signed a pre-let deal on a new office development in Newport city centre.
Work has already begun on the redevelopment of the Cambrian Centre with a seven storey office block set to replace the existing shopping centre and 500-space car park, which will be demolished.
On its completion, the insurance company Admiral is set to move its Newport base from Langstone to the new site, bringing hundreds of workers to the city centre.
Development firm Scarborough Group confirmed yesterday that the company has signed a pre-let on the development.
The Cardiff-based firm announced a year ago that it had provisional plans to move staff to the new office block on a 20-year lease.