Purolite expands twice in 12 months

'Incredible strides in Life Sciences industry'

27 March 2017

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Cooke & Arkwright have acquired, on behalf of Purolite Ltd., (water treatment company) approximately 6,000 sq ft of Unit C1 on the Llantrisant Business Park. The occupation of C1 follows further expansion of Purolite’s activities into Unit D (15,023 sq ft) in 2015, and Purolite now occupies three facilities adjacent to each other, permitting further investment in the area, securing employment and supporting future development of the business.

Jeremy Symons, who acted on behalf of Purolite commented, “The opportunity to acquire an adjacent building only arises on average once every 10 years, and the good fortune to be able to do that twice in the space of 12 months, dovetailing with the client’s expansion requirements, was particularly advantageous. 

Ian Horton of Purolite commented, “Purolite have made incredible strides in the Life Sciences industry since 2012, with intensive product development carried out at our European R&D Centre of Excellence in Llantrisant. Through securing adjacent sites, including a multi-million pound investment in a state-of-the-art manufacturing facility, Purolite can further support the ongoing, large-scale manufacture and global distribution of vital Life Sciences products here in Wales, whilst creating and safeguarding over 100 jobs in the area over the next five years.”

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