Good Fortune comes to Parc Busnes Edwards

23 September 2020
  • Parc Busnes Edwards Business Park Cooke & Arkwright
  • Parc Busnes Edwards Business Park Cooke & Arkwright
  • Parc Busnes Edwards Business Park Cooke & Arkwright
  • Parc Busnes Edwards Business Park Cooke & Arkwright
  • Parc Busnes Edwards Business Park Cooke & Arkwright

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Fortune Woods UK Ltd has acquired a 40,285 sq ft unit at Parc Busnes Edwards in Llantrisant after Cooke & Arkwright’s Business Space team negotiated the letting on behalf of the landlord. Fortune Woods is a Welsh furniture manufacturer supplying 200 independent retailers across the UK with a range of solid oak and hardwood furniture made using traditional cabinet making techniques.

Tim Lawley of Cooke & Arkwright said, “We are very pleased to have secured this high quality letting to Fortune Woods, which has upsized from its former premises in Llantrisant. The flexibility on site also offers the potential for any further expansion.”

Craig McGowan, Managing Director of Fortune Woods said, “We found the new premises at Edwards a better fit for our business as there were integrated offices and a larger trade showroom. It also provides easier access for the articulated trucks and containers that are coming and going to and from us daily. The loading bays are more secluded and do not face inwards into the estate, so it is easier for us to manage.

“The move has also allowed us to create a trade outlet where we can clear goods to the public. This has already resulted in one new employee position being created, with hopefully more to come.”

Tim added, “Edwards Business Park has a range of flexible warehouse space from 1,800 sq ft to 81,000 sq ft, as well as office space up to 8,000 sq ft. The landlord operates its own successful travel business, Edwards Coaches from 110,000 sq ft premises on the site, so tenants have the added reassurance that there is a shared interest in maximising opportunities for all occupiers. The landlord has undertaken redevelopment and refurbishment works, as well as landscaping the surrounding area and maximising car parking spaces, and provides 24/7 security for the site”

Parc Busnes Edwards has a prominent frontage onto the A4110 dual carriageway directly opposite the Royal Glamorgan Hospital and just three miles from Junction 34 of the M4. The Royal Mint and CAT Finnings occupy adjacent premises within the wider Llantrisant Industrial Estate. Cooke & Arkwright are sole marketing agents.

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