Acting on behalf of Columbia Threadneedle Investments, Cushman & Wakefield have successfully let the last remaining unit at Llantarnam Park Industrial Estate, Cwmbran, resulting in the estate being 100% occupied for the first time in several years.
Comprising a total of 20 warehousing units arranged across 4 terraces, Cushman & Wakefield’s Cardiff Industrial & Logistics team have secured the final letting of Unit 53 to existing estate occupier, GAC (UK) Limited, who specialise in the development, production, packing and servicing of aerosol spray solutions for a range of commercial and domestic applications.
Chris Yates, Senior Surveyor in Cushman & Wakefield’s National Industrial & Logistics team comments: “Our client had invested in a proactive refurbishment programme at Llantarnam Park which meant that we were able to offer good quality warehousing in an established industrial location to the south of Cwmbran and just 2 miles north of the M4 motorway. Such robust property fundamentals, together with a proactive marketing campaign, translated into strong occupier interest being received.
Against a backdrop of reducing industrial availability in South Wales, with less than 7 million sq ft of available accommodation now remaining (as at Q3 2016), it goes to show that being able to offer a quality product to market does pay dividends. We were delighted to be able to secure the letting of Unit 53 to GAC, assisting them to expand their existing base on the estate and invest further into their South Wales operations”.