Brunel Park fully occupied within a year

22 March 2017

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Brunel Park in Port Talbot, a 14,000 sq ft development of new offices by Deryn Properties, has been fully let in less than 12 months after attracting strong interest from a variety of occupiers. Three thousand sq ft in Unit 2 was sold to the Ministry of Furniture, and the first floor of Unit 1 has been let to S&C Electric Company. The remaining space has been let to Acorn Recruitment, the British Red Cross, Allied Health Care and Plaid Cymru.

Tim Lawley, Associate Director with Cooke & Arkwright, joint agent on the scheme, said the ongoing regeneration initiatives in Port Talbot were helping to attract the attention of investors and occupiers to the region.

“The site is part of Baglan Energy Park and these high quality offices are very well placed with good access to public transport in an M4 corridor location. We are delighted to have let this brand new development in such a short period of time and have received enquiries from potential occupiers looking for more space. There is scope for further development in the area, which is fast establishing itself as one of the region’s premier business parks.”

The site also houses a health centre, and nearby occupiers in the vicinity include Neath and Port Talbot Council HQ, Ecolab, Inter-tissue and Neath Port Talbot Homes. A ‘super-school’, Ysgol Bae Baglan has opened and there are plans to construct a large new prison on a publicly owned site in Baglan.

Joint agents: Alder King.

Cooke & Arkwright have been providing rating valuation advice to The Welsh Rugby Union Limited (“WRU”) and Millennium Stadium plc for many years. They were recently successful in achieving substantial reductions in the assessments of the Millennium Stadium, covering both the 2005 and 2010 rating list. These negotiated reductions yielded savings of c.£3.5m which, crucially, allows the WRU to re-invest in rugby throughout Wales. They advise the WRU across the group portfolio including the National Centre of Excellence in the Vale of Glamorgan. The valuation issues across the WRU portfolio are complex requiring a high level of understanding of the funding and finances of professional sport in Wales. Cooke & Arkwright’s experience and understanding of these issues and application to the rating valuation have yielded these substantial negotiated reductions. The WRU and the Millennium Stadium entrust our work to organisations with the required levels in experience and expertise in dealing with these complex issues. I am glad to say we have this expertise in Wales. I would have no hesitation in recommending ratepayers making use of this Welsh based expertise.

Steve Phillips, Group Finance Director, Welsh Rugby Union Group