Developer to speculatively develop warehouse in South Wales
Hillwood, with Maple Grove Developments have agreed terms with Welsh Government to speculatively develop a single industrial unit of 57,486 ft2 on a 4.85 acre plot at Brocastle Employment Park near Bridgend in South Wales.
By Liza Helps, Property Editor, Logistics Matters
THE WIDER Brocastle Employment Park extends in total to 116 acres with planning for up to 770,000 ft2 of employment space. Extensive infrastructure and services have been installed by Welsh Government. Plot 5 will be the first advanced build unit on the park. The site benefits from outline consent for B1/B2 uses and will be marketed specifically to the manufacturing sector.
Work on site will commence early next year to provide the unit for occupation in 2027. The scheme benefits from grant funding, via The Development Bank of Wales.
Cabinet Minister for Enterprise, Connectivity and Energy, Adam Price, said: “Developing modern employment sites and premises which provide investment ready platforms is a key part of the new Welsh Government’s mission to halve Wales’ productivity gap with the UK average.
“Such sites support businesses to plan and invest with confidence, and this development provides important opportunities for both new investment into Wales and for existing Welsh businesses to grow.”
Joint agents are Knight Frank and JLL.
