Motor insurer becomes tenant of WP Carney after Newport House is sold
Motor insurer Admiral Group’s new headquarters have been snapped up for £20m.
Real estate investment group WP Carney has forked out to buy Admiral House in Newport.
The seller was Scarborough Group International, the UK and international real estate investor and developer.
Admiral has a 20-year lease on the 83,000sq ft building.
WP Carey executive director Jennifer Lucas said: “Admiral is a well-capitalised business with a long-term commitment to the facility and we are delighted to add the company to our tenant portfolio.
“Given the UK’s status as the second largest European economy with good growth forecasts, we are pleased to add another UK asset to our holdings.”
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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