It is moving to the One Central Square building
NatWest is relocating its Welsh headquarters to the One Central Square office building in the centre of Cardiff.
Its new home, in a relocation from its existing headquarters in Cardiff at the One Kingsway office scheme, will also house its private banking and wealth management business, Coutts, as well as its business start-up support accelerator hub.
It is taking a floor in the now fully let 136,000 sq ft building that was occupied by law firm Blake Morgan, which remains in the building on a smaller footprint.
Paul Thwaite, chief executive of, NatWest Group, said: “Our investment in a new NatWest Cymru head office is a statement of our confidence and our ongoing commitment to Wales. We have supported Welsh customers for generations and we want to continue to be a partner in its future – with expert teams that understand the needs and ambitions of our customers across the country.
“Backing powerful nations and regions sits at the heart of our growing together strategy. By bringing together the expertise and knowledge of our NatWest Cymru and Coutts colleagues, as well as an expanded asccelerator space, in the centre of Cardiff’s business community, we’re strengthening our ability to support economic growth, unlock opportunity and help power Welsh ambition.”
Jessica Shipman, chair of the NatWest Cymru board, said: “Being based at One Central Square puts us right at the heart of the Welsh economy – so we can back the people, businesses and entrepreneurs driving growth across the nation.
“NatWest has been part of Wales’s story for more than 200 years. While the economy has changed over that time, our role has remained the same – supporting customers, businesses and communities across the country, and helping them succeed.
“We’re proud to open our doors at One Central Square and continue providing services in both Welsh and English, ensuring everyone feels welcome. Our Queen Street branch will remain open as usual for everyday banking.”
The new office will span 7,000 sq ft and provide desk space for up to 70 in addition to a client meeting and event suite.
NatWest ‘s start-up support accelerator hub was previous located in the building, before relocating to One Kingsway. Professional advisory firm PwC recently relocated its Welsh HQ from the One Kingsway building, into One Central Square. It has taken 33,500 sq ft of space vacated by car finance firm Motonovo, for around 400 staff.
Siwan Rees, NatWest accelerator manager, said: “Moving our accelerator hub to One Central Square marks a powerful new chapter for NatWest Cymru and the entrepreneurs we support.
While our journey began years ago in our original Cardiff location, this investment in a new, state-of-the-art space signals our continued belief in the ambition and potential of Welsh business. We are proud to provide a home where the next generation of Welsh entrepreneurs can connect, innovate, and grow – right in the heart of the city.”
Work has now started to refurbish the new offices with NatWest expected to take occupancy in the final quarter of the year.
Cabinet Minister for Enterprise, Connectivity and Energy, Adam Price, said: “A thriving business district in our capital city is essential to Wales’ economic prosperity, and NatWest Cymru’s decision to establish its new Welsh headquarters at One Central Square demonstrates strong confidence in Cardiff’s property market and in Wales as a whole.
“As a newly elected government we are committed to fostering a strong culture of entrepreneurship in Wales, and we share NatWest’s ambition to help entrepreneurs and start-ups build the skills and confidence they need to succeed in a rapidly changing world.”
One Central Square is owned by Middle Eastern investors and asset managed by property advisory firm Knight Frank, who, through its Cardiff office, are also the letting agents.








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