Cardiff City Council has given planning consent to insurance firm Admiral Group for the construction of a £30m headquarters building in the UK city.
The 11-storey building will be built on the former David Street car park site, which is located in the city centre.
The building has been designed by Glenn Howells Architects and is being developed in collaboration with Stoford.
The new headquarters will feature a pale stone-clad finish and large expanses of glass to maximise natural daylight.
The car park of the new facility, with a capacity of 120 vehicles, will be located below ground.
The proposed design is expected to meet BREEAM Excellent standards for sustainability and energy efficiency.
Construction is expected to commence in December 2011 with completion scheduled for early 2014.