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.

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I have worked with Jeremy Symons over the past three years successfully leasing and buying property in support of my business. I continue to be very pleased with his knowledge of the market and expertise. Our relationship over this time has resulted in acquiring 20,000 sq ft at Capital Business Park in Cardiff, leasing 11,000 sq ft at Southpoint, and subsequently leasing an initial 42,000 sq ft at Parc Bedwas, followed by a succession of expansions of a further 11,000 and then 47,000 sq ft, enabling us to centralise all of our operations at Parc Bedwas in a single 100,000 sq ft facility. The acquisitions were completed at the perfect time for tenant purposes and the rent fixed throughout the term at very economical rates. A job well done.

Bob James, Aerfin