Y3S Group, the Cardiff-based specialist mortgage and loan packager, has agreed terms and received keys for an additional 5,000 square feet.

The first space will be a 25% extension of its current HQ in Neptune Court, Ocean Park and will be redeveloped for larger training facilities, a guest reception and meeting space.

The second office is in Forgeside House, Cardiff Bay, a former steelworks laboratory building undergoing major redevelopment and is situated within metres of where Y3S first started out in 2001. The offices will be used to house a larger disaster recovery and data centre for all Y3S Group businesses in line with regulatory guidelines.

Work on both spaces has already commenced and Y3S hopes they will be operational by mid-February.

Matt Cottle (pictured), joint CEO of Y3S: “With our growth plans for 2016, we are very excited to have acquired the two new spaces before the Christmas break. We were lucky that a tenant moved out of the adjoining office in our current HQ, so this was an easy decision for us. It will give us a lot more flexibility within the confines of our current four walls where we’re always queuing up for meeting space, as well as more car parking and showering and restroom facilities.

“As for Forgeside House, we have always had an affiliation with the old Tiger Bay. steelworks and we know the team there very well. Geographically it’s a stone’s throw from the main office and the two are connected by some of the fastest internet lines in the UK, so being a pioneering tenant in their newest development there was an obvious choice for our larger overflow centre.”