Positive steps for Port Talbot

Regeneration initiative helping to attract leading companies

3 May 2016

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Fourteen thousand square feet of new office units recently developed at Brunel Park in Port Talbot by Deryn Properties are attracting good attention from potential occupiers including tech firms. With 4,500 sq. ft. already sold, and negotiations under way on the letting of a further 6,000 sq ft, Brunel Park is establishing itself as one of the region’s premier business parks. The park comprises part of Port Talbot Waterfront Enterprise Zone, which encompasses Port Talbot Harbourside and Baglan Industrial Estate, and was recently extended to cover the threatened steelworks in the town.

Tim Lawley, Associate with Cooke & Arkwright’s Business Space team and joint agent for the site comments, “These are brand new offices just off Brunel Way with good access to public transport and in a great M4 corridor-friendly location. The area is undergoing a powerful regeneration initiative attracting an increasing number of leading companies and helping to bring positive change to Port Talbot. The grants available are very good for such high quality space, making this a highly attractive site. We are talking to potential occupiers showing strong interest in locating here, which will be good news for Port Talbot and hopefully create new jobs for the town. We have over 4,000 sq ft available on the first floor of Unit 1 and over 3,000 sq ft available in Unit 2, where over 3,000 sq ft is owned and occupied by the Ministry of Furniture. Our Retail Agency team is also seeking potential food-led operators to occupy up to 2,777 sq ft on the ground and first floor of Unit 1.”

Ben Davies, Senior Surveyor with Retail Agency confirms, “Any food offering will play an important role in catering to the existing occupiers and those occupiers within the vicinity of Brunel Park. The landlord is flexible as to whether the space is let to café led or A3 operators. This is a great opportunity for these users to facilitate the tenant mix nearby, which will increase with the opening of the Super School in September of this year.”

A new health centre has opened on site to accommodate over 12,500 patients, with an adjacent unit let to Briton Ferry Pharmacy / Davies Chemists. Other occupiers in the immediate vicinity include Neath and Port Talbot Council HQ, Ecolab, Inter-tissue and Neath Port Talbot Homes. Nearby, work on Wales’ first ‘super school’, Ysgol Bae Baglan is well under way and scheduled to complete in September 2016. An amalgamation of four schools, it will accommodate 1,500 pupils from the age of three through to 16, and parts of the school will be available to local people, including sports facilities, performance areas, meeting rooms, conference and recreational facilities.

Cooke & Arkwright’s Investment agency previously advised Deryn Properties (Investments) on the development and subsequent sale of a 25,000 sq ft office and court scheme to provide a new Magistrates Court, Tribunal Centre and office accommodation for HMCS central fines department at Port Talbot Harbourside, whilst the Business Space team let Llewellyn House, which was part of the same development, to ThyssenKrupp.

The landmark development was one of the first to be brought forward for extensive urban regeneration by Neath Port Talbot Borough Council.

Cooke & Arkwright has advised Network Rail on a wide variety of development sites in South Wales from Mon Bank in Newport to Radyr Sidings in Cardiff. They bring a high level of commitment, technical expertise and knowledge to the successful disposal of complicated development sites."

Stuart Kirkwood, Development Director, Network Rail