Capital Quarter Cardiff | CF10 4BZ

P R I M E C I T Y C E N T R E O F F I C E I N V E S T M E N T

Investment Summary

Opportunity to acquire a prime new multi-let office investment in the heart of Cardiff city centre within close proximity to Cardiff Central Station, the prime retail core and flagship John Lewis store.

Cardiff is Wales’ capital city and one of the major regional centres in the UK.

Capital Quarter is a high profile, mixed use development located in the heart of the Cardiff ’s prime office core. It forms an integral part of the Cardiff Central Enterprise Zone with Central Square and Callaghan Square.

No 2 Capital Quarter is regarded as one of the “trophy buildings” in Cardiff, and has been built to a high specification and BREEAM Excellent standard.

No 2 Capital Quarter comprises 84,759 sq.ft. over 7 storeys with open plan, flexible floor plates, 18 car parking spaces on site and a new private multi-storey car park (296 spaces) opposite.

Multi let with two occupational tenants, Public Health Wales and Opus Energy, with a WAULT of 8.59 years to lease expiries (7.81 years to break options).

Current rent of £1,586,506.05 per annum which equates to a low average rent of £19.34 per sq. ft.

Prime rents in Cardiff are now established at £25 per sq. ft. making No 2 Capital Quarter look significantly reversionary.

Subject to Contract & Exclusive of VAT

Seeking offers in excess of £23,200,000 (Twenty Three Million, Two Hundred Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level would reflect an attractive Net Initial Yield of 6.41%, after deducting standard purchasers costs of 6.75%, and a low Capital Value of £274 per sq ft.

CARDIFF CASTLE CIVIC CENTRE

PRINCIPALITY STADIUM

CARDIFF CITY FOOTBALL GROUND

A4232 TO M4 J 33

SWALEC CRICKET GROUND

MOTORPOINT ARENA

CINEWORLD CINEMA

ST DAVID’S HALL

HILTON HOTEL

PARK PLAZA HOTEL

CALLAGHAN SQUARE

CARDIFF CENTRAL STATION

BRAINS BREWERY

CENTRAL SQUARE

ADMIRAL INSURANCE HQ

QUEEN STREET STATION

TO CARDIFF BAY

UNIVERSITY OF SOUTH

WALES

SMART BRIDGE

CAR PARK

NO 1 CAPITAL QUARTER

ETAP HOTEL

CAPITAL QUARTER DEVELOPMENT

ST DAVID’S 2 SHOPPING CENTRE

ROYAL WELSH COLLEGE OF MUSIC & DRAMA

JOHN LEWIS

MARRIOTT HOTEL

RADISSON HOTEL

CAFE QUARTER

QUEEN STREET SHOPPING PRECINCT

P

P

P P

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Capital Quarter Cardiff | CF10 4BZ

LocationCardiff is the Capital City of Wales and has a population of over 300,000 with a further 1.2 million within a 45 minute travel time of the City Centre. The City is strategically located approximately 150 miles (240km) west of London, 106 miles (171km) south west of Birmingham and 43 miles (69km) west of Bristol.

Cardiff benefits from excellent road links and can be accessed from four junctions of the M4 Motorway (29-33). Cardiff International Airport is located 12 miles (19km) to the south west of Cardiff City Centre and offers scheduled flights to a number of European destinations. Cardiff Central Railway Station provides intercity rail services to London Paddington approximately twice an hour with a journey time of 2 hours and 3 minutes.

Cardiff is one of the UK’s premier business locations attracting numerous national and global companies including Admiral Insurance, Eversheds, Zurich, Atradius, Legal & General, MotoNovo, Deloitte, BT and the BBC.

Cardiff is a popular tourist destination attracting millions of additional visitors every year. There are numerous attractions including the iconic Principality Stadium, Cardiff Castle, Cardiff Bay and the Cardiff International Sports Village.

Cardiff has an established retail core which includes major shopping centre, St.Davids 2, which was completed in 2009. This development, together with the original St Davids Shopping Centre, comprises a combined 1.4 million sq ft of retail space, including a 260,000 sq. ft. John Lewis store. This retail development has elevated Cardiff firmly into the top 10 of the UK’s retail hierarchy and has an estimated annual footfall of 35 million people.

ViridisStudents

Multi Storey Car Park296 spaces

Herbert Street

674 Student Beds

John StreetCapital Quarter300,000 sq. ft.

Office

WesternCourtyard

EasternCourtyard

NO

RTH

SO

UTH

PE

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IAN

RO

UTE

EAST WEST PEDESTRIAN ROUTE

AC

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100,000 sq.ft.Office

95,000 sq.ft.Office /

ResidentialApartments

Ready forSpring 2018

Ready forDecember 2018

75,000 sq.ft.Office

82,000 sq.ft.Office

ReadySeptember

2017

ReadySeptember

2017

80,000 sq.ft.Office

ViridisStudents

Equiniti

BrookfieldUtilities UK

ViridisStudents

University ofSouth Wales

CapitalLaw

AtlanticHouse

Etap Hotel Novotel Hotel

TYNDALL STREET

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N S

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HERBERT ST

Atlantic Wharf

ViridisStudents

RO

SEMARY STREET

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Finance WalesAlert LogicWSPNetwork RailHome OfficeKin & Ilk Coffee Shop

Capital Quarter - JR Smart

Public Health WalesOPUS Energy

Key

Completed

Under Construction

Outline/Detailed Planning

Total Phase 2 Capacity 270,000sq.ft.

Capital Quarter Master Plan

SituationCapital Quarter is situated on Tyndall Street in the heart of Cardiff city centre and forms part of the Cardiff Central Enterprise Zone. It comprises an exciting 10 acre mixed use development including Grade A offices, student housing, residential and private multi storey car park.

It is strategically located within easy walking distance of Cardiff Central Railway Station, the main transport hub in Cardiff. In addition the prime retail core, including the flagship John Lewis department store, and other city centre amenities are just a few minutes walk away, accessed via the new £2.5m Smart Bridge which crosses the main railway line. The Smart Bridge enhances the accessability of Capital Quarter to Queen Street station and the Valley Lines network.

Capital Quarter has quickly established itself as one of the premier office addresses in the city and forms part of the prime office core with both Callaghan Square and Central Square within close proximity. There are over 1,000 employees onsite and nearby occupiers include Eversheds, HSBC, WSP, Finance Wales, Admiral, Network Rail, Home Office, Equiniti, Deloitte and Brookfield Utilities UK.

Following the letting success of Nos. 1 & 2 Capital Quarter, developers JR Smart are now in the process of speculatively developing No 3 and No 4 Capital Quarter on the adjacent plot. No 3 will comprise a new 75,000 sq.ft. Grade A office building with practical completion forecasted for early 2018. No 4 will comprise a new 100,000 sq.ft. Grade A office building with practical completion forecasted for December 2018.

In addition there is also significant student development taking place on site. Viridis are constructing 600 high quality beds, that will be delivered in 2017 and Fusion have just gone onsite to deliver 674 beds which are expected to be delivered in September 2019.

Cardiff City Centre Infrastructure InitiativesCardiff City Council and Welsh Government have acknowledged that the future growth of the Welsh economy is dependent on a strong and vibrant Capital City. The Enterprise Zone is just one of numerous initiatives which form part of a detailed Master Plan for the City which will vastly improve the infrastructure and boost the economic profile of Cardiff to firmly consolidate its position as one on the major regional centres in UK. These initiatives include:

Cardiff Capital Regional City Deal - In March 2016 Cardiff was one of 10 local councils to sign the Cardiff Capital Regional City Deal (CCR). The CCR is a regional investment vehicle aiming to bring together region wide infrastruture projects. With a gross value of £1.2 billion, projects include the electrification of the South Wales Valley rail network, a metro system worth £734 million, creation of 25,000 jobs in the region and a new innovation hub development.

Cardiff Central Enterprise Zone - The established Cardiff Central Enterprise Zone is centred on the Cardiff Central Railway Station and is the only Enterprise Zone in the UK dedicated to attracting and growing the financial and professional services sector.

Central Square – The commitment from Legal & General to the Central Square regeneration scheme reflects the improving confidence in Cardiff as a centre of growth and opportunity. The scheme will have a potential capital value in the order of £400 million when fully completed. The first phase of office development, One Central Square was completed in Q1 2016 while the BBC Wales relocation of its 165,000 sq. ft. Headquarters Building, which forms the centre of this regeneration area, is under construction with occupation targeted by 2019. Rents of £25 per sq.ft. are being achieved.

Electrification of the main intercity rail line - This will improve Cardiff ’s connectivity via faster journey times to London with the work scheduled to be completed by 2019.

Investment in Cardiff Central Railway station - Plans to create new civic scaled public squares to the north and south of the station as high quality arrival spaces and “gateways” to the City. Work has already been completed at the south side of the station.

Improved connectivity between the city centre and Cardiff Bay - One of the proposals is for a new tram link along the south side of Callaghan Square.

Welsh Governments Acquisition of Cardiff Airport - Welsh Government have acquired the airport in order to boost its profile and increase the number of airlines and routes around Europe and internationally to further improve Cardiff ’s domestic and global connectivity.

International Convention Centre & Arena – Work is underway to construct a new Convention Centre at Celtic Manor Resort in Newport. In addition sites in Cardiff have been earmarked as a potential location for a new state of the art arena with a capacity of 10,000+.

Academic Profile – Cardiff University, which is already within the Russell Group, continues to grow and raise its global academic profile. Increasingly secondary office buildings in the City Centre are being converted to student housing to accommodate the increasing number of students and the increase in demand for this sector from investors. The City has a resident population of approximately 350,000, which is swelled by over 75,000 full-time students from the City’s expanding higher education sector, to include Cardiff University, Cardiff Metropolitan University, University of South Wales and the Royal Welsh College of Music and Drama.

DescriptionNo 2 Capital Quarter was completed in 2016 and comprises a 84,759sq ft, 7 storey, high specification, Grade A office building. The building offers open plan, flexible floor plates ensuring the building could be single or multi let plus an impressive ground floor reception and atrium, including a Kin & Ilk coffee pod for the tenants exclusive use.

• BREEAM Excellent

• EPC Rating of A25

• VRF air conditioning heating & cooling system & mechanical ventilation to all office areas

• 3 x10 person lifts and 1x13 person lift

• 2.7m floor to ceiling height

• Full accessed raised floors

• Suspended ceilings

• Male/female and disabled toilet facilities on each floor

• Shower facilities within the building

• 18 onsite car parking spaces plus cycle spaces

• DDA Compliant

• LG7 lighting throughout

• Ground Floor Kin & Ilk Coffee Pod

• Roof terrace

There are few offices in Cardiff that are able to rival the quality of construction and specification of No 2 Capital Quarter and consequently it is regarded as one of the Citys’ “trophy buildings”.

AccommodationThe offices have been measured in accordance with the RICS Code of Measuring Practise (6th Edition) and comprise the following Net Internal Areas:

Demise Description Sq m Sq ft

Ground Floor Reception 253.62 2,730

Ground Floor Offices 438.64 4,715

Floor 1 Offices 1,148.47 12,362

Floor 2 Offices 1,249.82 13,453

Floor 3 Offices 1,249.82 13,453

Floor 4 Offices 1,249.82 13,453

Floor 5 Offices 1,247.78 13,431

Floor 6 Offices 1,036.98 11,162

Total 7,874.95 84,759

Atrium

Office Space

Meeting Room

Typical Floor layout

14

Office

Services & Parking

Office

Office

Office

Office

Office

Office

Reception

Office

Office

Office

Central Atrium

Office

Office

11785 No2 Cap Quarter Broch 24p.qxd_No 2 Brochure- 27/10/2016 11:34 Page 14

Tenancy Schedule

TenureFreehold.

Tenancy The property is multi tenanted on full repairing and insuring terms as set out in the tenancy schedule below. The total rent is £1,586,506.05 per annum, reflecting an average rent of £19.34 per sq ft, with a Weighted Average Unexpired Lease Term (WAULT) to lease expiries of 8.59 years and 7.81 years to break options.

Vendor to top up all current rent free incentives, but not any future rent free payments that become payable.

Service ChargeThere is a full service charge budget being administered by the landlord. Full details are available upon request.

Floor Tenant Area Lease Start Lease Expiry Term Yrs Break Options Rent per annum Rent per Sq ft Comments

Ground Floor Rent Guarantee 4,715 1 Year £94,300 £20.00 1 year rent guarantee. Proposal out to potential tenant.

First Floor Opus Energy 12,362 07/07/2016 06/07/2026 10 07/07/2021 £247,240 £20.00 9 months rent free. A further 6 months rent free is payable if they do not exercise their 5 year break.

Second Floor Rent Guarantee 13,453 1 Year £269,060 £20.00 1 year rent guarantee. Proposal out to potential tenant.

Third Floor Public Health Wales 13,453 01/07/2016 30/06/2028 12 £254,934.35 £18.95 30 months rent free taken as a half rent for the first 5 years of the term. 5 yearly upward only rent review. 1st Review capped at £19.95 per sq.ft.

Fourth Floor Public Health Wales 13,453 01/07/2016 30/06/2028 12 £254,934.35 £18.95 30 months rent free taken as a half rent for the first 5 years of the term. 5 yearly upward only rent review. 1st Review capped at £19.95 per sq.ft.

Fifth Floor Public Health Wales 13,431 01/07/2016 30/06/2028 12 £254,517.45 £18.95 30 months rent free taken as a half rent for the first 5 years of the term. 5 yearly upward only rent review. 1st Review capped at £19.95 per sq.ft.

Sixth Floor Public Health Wales 11,162 01/07/2016 30/06/2028 12 £211,519.90 £18.95 30 months rent free taken as a half rent for the first 5 years of the term. 5 yearly upward only rent review. 1st Review capped at £19.95 per sq.ft.

Total 82,029 £1,586,506.05

Covenant Profile

Public Health Wales NHS Trust

Public Health Wales provides professionally independent public health advice and services to protect and improve the health and wellbeing of the population of Wales.

As a Public Body they are of undoubted covenant strength.

For further information please see their website http://www.wales.nhs.uk/sitesplus/888/home

Opus Energy Limited

Opus Energy is one of the UK’s leading business energy suppliers, ranked 19th in the Sunday Times Top Track 250 and currently 6th in the B2B energy market.

The company has over 700 employees in its Northampton and Oxford-based offices, and have just launched their new Cardiff base at the subject property.

Over 240,000 business sites across the UK are powered by Opus Energy, including White Stuff, Paperchase, First Group and Virgin Media. In addition to supplying power, the company also purchases power from over 2,000 independent renewable energy generators in the UK.

Opus Group were acquired by Drax Group in early 2017. Drax Group are a FTSE 250 company listed on the London Stock Exchange and is one of the UK’s largest energy producers, employing 2,400 people across electricity generation, energy supply and compressed wood pallett manufacturing.

Opus Energy Limited have a Dun & Bradstreet rating of 4A1 and their last three years published accounts are as follows:

31 March 2016 GBP (000’s)

31 March 2015 GBP (000’s)

31 March 2014 GBP (000’s)

Sales Turnover 360,631 347,041 301,876

Profit Before Taxes 17,613 18,659 15,747

Tangible Net Worth 31,482 30,814 26,651

Net Current Assets 26,687 28,315 24,491

For further information please see their website http://www.opusenergyblog.com/

£32.00 0%

£33.00 16%

£22.00 2%

£26.50 2%

£23.00 15%

£28.50 0% £25.00

15%

£31.50 5%

£34.00 6%

£29.50 0%

Q2 Prime Rent & Growth% last 12 months.

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10.00 15.00 20.00 25.00 30.00 35.00 40.00

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Prime Rents Prime Rent £ per sq ft

Cardiff Office MarketCardiff is the principal office market within Wales, and one of the major regional centres in the UK, with an estimated office stock of approximately 11 million sq. ft.

In recent years, the Central Business District (CBD) has migrated from the eastern side of the city and is now focused on the areas surrounding Cardiff Central Railway Station which includes Central Square, Callaghan Square and Capital Quarter. This movement in the CBD has been a major catalyst in the conception of Capital Quarter which lies at the heart of the CBD and Cardiff ’s Enterprise Zone.

Currently, the City Centre office market is focused around Central Square, Callaghan Square, Capital Quarter which together extends to circa 700,000 sq ft of Grade A office accommodation. Callaghan Square provides five buildings let to tenants such as Eversheds, Brewin Dolphin, HSBC, Centrica and Deloitte while Capital Quarter consists of over 200,000 sq. ft. within No 1 & 2 Capital Quarter as well as Driscoll Buildings.

Central Square is being developed by Rightacres and Cardiff City Council and funded by Legal & General. This scheme will have a potential Capital Value in the order of £400m, when fully completed. The first phase of office development, One Central Square, completed in 2016 and is fully let with rents ranging between £21.00 per sq ft and £25.00 per sq ft. In addition BBC have committed to occupying a new 165,000 sq ft Foster & Partners designed office building, with completion due in 2018, by 2019.

Grade A supply is at a low level in the city at around 150,000 sq ft with just 100,000 sq ft in the City Centre. The lack of Grade A supply has encouraged further development in the City with Two Central Square, a 145,000 sq ft speculative Grade A development to the north of Cardiff Central Station, and No 3 Capital Quarter, a new 75,000 sq ft speculative Grade A office development in Capital Quarter, both under construction and expected to be delivered in early 2018. Two tenants have already committed to all the space in Two Central Square, with Cardiff University taking circa 50,000 sq ft on a 25 year lease and Hugh James taking100,000 sq ft on a 15 year lease. Both ahve signed at a rent of £25 per sq ft.

With the current lack of Grade A supply there is evidence showing a decrease in the level of incentives required to secure Grade A lettings. This trend along with the current initiatives being undertaken to improve the economic profile and infrastructure of Cardiff, and the discount between it and other major regional centres, should help drive rental growth in Cardiff going forward.

Cardiff was the only major regional UK office market to see growth in headline rents during the downturn with rents rising in 2009 to £21.00 per sq ft and £22.00 per sq ft in 2012. This has now grown further in 2016 to £25.00 per sq ft but it is important to note the rental discount to nearby Bristol where prime rents are at £28.50 per sq. ft. and Birmingham at £31.50 per sq ft. This is a significant discount and is a key driver in attracting new occupiers to Cardiff, Wales’ Capital City.

Cardiff & Regional Investment marketThe regional investment market continues to attract strong interest from a diverse range of domestic and international investors who view it as good value compared to the Central London and South East markets. These investors are generally chasing modern, well located offices situated in core locations in the major regional centres. As the Capital of Wales, Cardiff is regarded as one of the major centres in the UK and is the focus for investor demand for offices.

Investors are being increasingly attracted to Cardiff by the infrastructure improvements and the major developments/regeneration projects which are under way. The drive by the public sector to attract more occupiers and the attractive demand/supply dynamics, which is driving rental growth, will all have a positive impact on the Cardiff office and investment markets.

This demand was particularly evident with the sales of No 1 Capital Quarter and 3 & 4 Callaghan Square in 2016, which both secured strong interest from a diverse range of investors, including Pension Funds, Opportunity Funds and Overseas Investors.

Capital AllowancesInformation to be provided on request.

VATThe property is elected for VAT. It’s anticipated the transaction will be treated as a Transfer of a Going Concern (TOGC).

EPCNo 2 Capitial Quarter has an EPC rating of A25. A copy of the report is available on request. No 2 Capital Quarter is one of only two prime office buildings in Cardifff with an EPC Rating of A.

Regional Investment Comparables

Prime Rents Prime Rents £ per sq ft

Property Area (sq ft)

Price (£m)

Net Initial Yield

Capital Value

(per sq ft)

WAULT (Years)

Tenant Purchaser Date

111 Edmund Street, Birmingham

44,769 £22,544,750 5.00% £504 14.9 Gateley Overseas Investor

February 2017

No 1 Capital Quarter, Cardiff 77,992 £21,000,000 6.65% £268 5.5 Multi-let Undisclosed October 201

Waverley Gate, Edinburgh 204,514 £63,000,000 5.69% £308 5 Multi-let Triuva August 2016

Sovereign Square, Leeds 93,851 £43,750,000 5.42% £466 17.5 Addleshaw Goddard LLP

Leeds City Council

July 2016

4 Hardman Square, Manchester

58,362 £31,000,000 4.95% £571 5 Multi-let Orchard Street

July 2016

Bridgewater House, Bristol 114,597 £56,300,000 5.36% £491 8.7 Multi-let Private Investor

April 2016

1 Byron Place, Manchester 32,464 £14,400.000 5.4% £444 10 JMW Solicitors

Canal & River Trust

April 2016

XYZ Building, Manchester 156,970 £85,000,000 4.75% £545 10 Multi-let Union Investment

April 2016

No 1 Kingsway, Cardiff 68,372 £18,150,000 6.58% £265 4.1 Multi-let Undisclosed February 2016

3 & 4 Callaghan Square, Cardiff 112,024 £32,125,000 6.13% £287 7.93 Multi-let Deutsche Bank January 2016

Wellbar Central, Newcastle 117,679 £40,000,000 6.00% £340 5.38 Multi-let Orchard Street

January 2016

Meridian Court, Glasgow

65,822 £23,850,000 6.01% £362 8 Scottish Ministers

Private Overseas

December 2015

Investment Considerations• Cardiff is the Capital City of Wales and one of the major regional centres in the UK.

• Freehold.

• Located in the heart of the city centre within close proximity to Cardiff Central Station, the prime retail core and the flagship John Lewis department store.

• Located in the established Cardiff Central Enterprise Zone - the only Enterprise Zone in the UK dedicated to growing and attracting the financial and professional service sectors.

• Capital Quarter is fully established as one of the premier business addresses in Cardiff. Circa 1,000 employees already at Capital Quarter.

• Recently developed offices built to a high specification and benefiting from open plan flexible floor plates.

• Regarded as one of the premier offices in Cardiff. One of only three BREEAM Excellent buildings in the City and one of only two with an EPC rating of A.

• Cardiff ‘trophy’ asset with striking features including full height atrium, spacious reception, imposing lift lobby and roof terrace.

• 11.25 years secure income to Public Health Wales.

• Current rent of £1,586,506.05 per annum reflects an average rent of £19.34 per sq ft which looks low when compared to the prime rents for Cardiff offices of £25 per sq ft.

• Rents at Capital Quarter have already reached £20 per sq. ft. and are set to grow further as future phases of the Capital Quarter development progress.

• No 3 and No 4 Capital Quarter are now under construction on the plot opposite and will further establish the location and drive rental growth. Quoting rents are £22.95 per sq. ft.

• Vacant floors offer the opportunity to drive the rental tone and add further value.

• Existing tenants have expressed an interest in the vacant space.

• Significant infrastructure improvements currently underway or in the pipeline which will further enhance Cardiff ’s domestic and international profile and connectivity, creating a positive impact on the economy and office market in Cardiff and the region.

• In a market characterised by a shortage of prime office investments this represents an excellent opportunity to acquire a modern Grade A office building in a major regional centre, offering opportunities for proactive asset management and rental growth as well as long secure income to an undoubted covenant.

Gareth Lloyd Tel: 029 2044 0141 gareth.lloyd@knightfrank.com

Rob Jones Tel: 029 2044 0128 rob.jones@knightfrank.com

Simon Rickards Tel: 020 7861 1158 simon.rickards@knightfrank.com

Important Notice1. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Knight Frank LLP in the particulars or by word of mouth or in writing (“information”) as

being factually accurate about the property, its condition or its value. Neither Knight Frank LLP nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s).

2. Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only.3. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee

must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct.4. VAT: The VAT position relating to the property may change without notice. Knight Frank LLP is a limited liability partnership registered in England with registered number OC305934. Our registered office is 55 Baker Street, London W1U 8AN, where you may look at a list of

members’ names.

Design by Martin Hopkins Partnership, Cardiff. Tel: 029 2046 1233 www.martinhopkins.co.uk

13579/04/17

Subject to contract April 2017

For further information or to arrange an inspection please contact the following:

Capital Quarter Cardiff | CF10 4BZ

Proposal

Seeking offers in excess of £23,200,000 (Twenty Three Million, Two Hundred Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level would reflect an attractive Net Initial Yield of 6.41%, after deducting purchasers costs of 6.75%, and a low Capital Value of £274 per sq ft.

CALLAGHAN SQUARE

ADMIRAL HQ

ST DAVID’S 2 SHOPPING CENTRE

JOHN LEWIS