Port Talbot’s Harbourside Business Park development fully let

Global engineering firm takes lease on all 8,500 sq ft at Llewellyn House

21 October 2015

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Cooke & Arkwright’s Office agency has let all 8,500 sq ft at Llewellyn House, in Port Talbot’s Harbourside Business Park development to Thyssen Krupp, a global engineering and project management consultancy in the oil, gas and power developments industries. The ten-year lease, secured with joint agents Alder King, brings the 67,000 sq ft high-tech development by Deryn Properties (Investments) LLP to full occupation, with long leases at the two other buildings to Her Majesty Court Services, Tata Steel UK Ltd and TWI Ltd.

Ben Bolton, Director of Business Space at Cooke & Arkwright commented: “This is a great new occupier for the developing Port Talbot region where the Harbourside project to redevelop the docks, the Research and Development Village, and improvements to infrastructure and communications, including Port Talbot Parkway station’s redevelopment, are raising the profile of the area and attracting technology-led investors and companies. Deryn Properties are close to completing a similar scheme on development land they secured on Baglan Energy Park nearby.”

Cooke & Arkwright’s Investment agency sold the 21 acre site, originally known as Llewellyn’s Quay, on behalf of Associated British Ports in 2006. The firm went on to provide development advice to Deryn Properties on its 25,000 sq ft office and magistrate’s court development for HM Court Services at Harbourside, and subsequently brokered the sale of the completed investment to Keills Fund Managers in 2011.

Harbourside is situated on Harbour Way, Port Talbot’s new £107m Distributor Road which connects the M4 to the Harbourside area.

Cooke & Arkwright have provided independent property consultancy services to the College for a number of years. This advice has included property valuations and negotiation around property acquisition and disposal, rent reviews and the preparation and negotiation of the College’s farm business tenancy agreement. The College has consistently received an excellent and professional service from Cooke & Arkwright and their valuable support to the College is recognised and appreciated.

Bob Bates, Director, Coleg Gwent