became part of Cardiff. In fact his dream, if he were king, would be to bring everything in between and including Swansea to the west and Newport to the east and the South Wales Valleys into what he would call Cardiff. Newport, he argues,


would be better if it were a region of Cardiff. Well, economies of scale


and bigger and better, may be the order of the day in terms of supermarkets and even, dare I say, resort hotels but not cities. Size does matter but not necessarily the larger the better. Would the city of Bath, for example, be better off it was lumped together with everything in between and then renamed Bristol? Newport has it is own


illustrious history which stretches back over very many years. True, the city is looking a little under the weather currently but that is no reason whatsoever for it to becombined with the rest of south east Wales and become a part of some massive Cardiff city conglomerate. It’s because Newport


offers something different, unique and special that investors want to come here and businesses choose to set up, expand and open new offices in the city and its surrounding area. It was suggested on a TV


make the most of their new property. Currently Clarence House has 30,000


sq ft of available space. Under new ownership we plan to ensure that that number gets nearer the 100 per cent mark and add to the already impressive list of names which are occupants of one of the city’s most recognisable and majestic of buildings. The investors who have bought the


building were not only interested in the bricks and mortar and, it has to be said, the snip of the price they were able to pay out to get the building, but the environment in which the building is set – the city of Newport. Now, I have to say, I was less than


impressed with the recent comments from one of the city’s most celebrated sons, Canadian ex patriot and electronics Billionaire Sir Terry Matthews, who is reported to have said he believes it’d be best for all concerned if Newport


programme recently, Week in Week Out I believe, that Cardiff needs many more homes built to accommodate its growth but doesn’t want to lose its green space. It was suggested by the Cardiff burghers a solution may be to build these homes in Newport and the valleys and to the west creating dormitory towns for Cardiff. Meanwhile Admiral is


going great guns with its multi-million pound scheme in the centre of Newport. The position it chose was because it was in Newport, where it has years of great experience, the new office is literally across the road from the bus and train stations and the M4 is just a short distance away – strategically it is perfect for it and its planned growth. And this is something


that others have discovered over the years and are rediscovering now.


Clarence House and the


new Admiral building is, I am confident, just the start of something much bigger for the city. Currently there is some


446,382 sq ft of available office space in and around the city of Newport. The kind of space available is 30,000sq ft at Chartist Tower, Upper Dock Street, with 4,000 sq ft plates at rent of circa £8 psf. Crown Buildings at


Clarence Place has upwards of 27,0000 sq ft available with limited parking at £7.50psf. Victoria House on


Corporation Road has 10,000 sq ft at £10 psf and good parking. Other places are Usk


House on Lower Dock Street which has 10,421 sq ft 18a Gold Tops with 1,300 sq ft and Bridge Buildings on Godfrey Road with 3,000 sq ft over three floors. The city of Newport is


already home to major players such as HM Prison Service, EADS and Wales & West at Celtic Springs Business Park, the Patent Office and ONS at Tredegar Park and Go Compare nearby which all act as a magnetic attraction and catalyst for those looking to locate to Newport. The Admiral building,


already mentioned, is also proving quite a powerful draw for others looking at Newport as a location. The city has great


communications links and offers very good value for money in an attractive and remarkable environment. Historic prime rents in the


city of Newport have been £13 psf with the highest rental deal in Clarence House being £14.45 psf in 2009. Out of town grade A


office space has historically achieved £15 psf however more recently rents in central Newport have fallen to £10psf for refurbished and £8psf for un refurbished accommodation. Enquiries in Newport are


generally around the 1,000 sq ft to 2,5000 sq ft mark with local business but there are national occupiers requiring anywhere between 10,0000 sq ft and 30,000 sq ft.


property


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