business Issue 151 July 9, 2013 Clarence House on the banks for the River Usk


Iconicofficeblock settobecome beaconofblue


more prominent aftera£250,000 investment scheme. The 11-storey office block, which is in


N


the hands of new owners after being bought at auction in London for just under £4m, will be illuminated blue at night. Afloor of the skyscraper is also to be


turned over for mixed office and residential accommodation. Large screen plasma TV’s are being


installed incommonareas on each of the floors, the adjoining multi-storey car park space is to be improved.Agymand break out area for the use of occupiers has been opened the first floor. Vivek Chadha, of Watford-based S&J


Group, which owns the office block speaking to Business Update at the official opening of the gym, said: “We’re spending £250,000 on the building part of which will be to light up the outside of the building to


EWPORT’Siconic Clarence House alreadyabeacon on the city skyline is set tobecomeeven


ByJoBarnes


improve its the appearance and its position on the river front and make this iconic building into areal beacon in the city. “Wealso plan to introduce alive and


work, mixed office idea here, which is very popular in London wherewehave other properties based, probably utilising the top floor of the building.” Mr Chadha said they wanted to


encourage smaller business to take up the flexible space they were providing in the building. Hesaid he recognised the significance


of the arrival in the city of Admiral Insurance, at Queensway and their need for ‘satellite offices’ nearby. “Clarence House has huge potential. It


has alocation second to none on the river bank and access to theM4which is far better that either Cardiff or Swansea.” Officially opening the newgymand break out area Newport EastMPJessica


Vivak Chadha


Morden,whohas her constituency office in the block, said: “I’ve never openedagym before but Iam delighted to be doing so here today –the investment beingmadeat Clarence House by


the new owners will add to the general beautification of Clarence Place and the entire area.” S&J Group is encouraging people to


use their adjoining car park at Clarence House by offering all day parking, 7am- 7pm, for £2. The Bipolar Group, which has an office


in the building, were handed £1,000 as a donation by S&J Group at the opening of the gym.


For pictures from the opening event, turn to page 7


Tips on finding


update


funding See page7


Workstartson expansionat city chemical plant


Work officially got underway on an expansion at a Newport chemical plant which the company said represented ‘a major investment and a significant vote of confidence in the existing skills and expertise’ at the site. The investment


by the American firm Eastman Chemical Company will enable it to increase by more than 50 percent its worldwide capacity for the production of its Therminol heat transfer fluids in response to increasing global demand, creating approximately 17 new positions.


Edwina Hart, Ron Lindsay (left), executive vice president of Eastman Chemical Company, and Jim Rogers (right), board chairman and CEO


Construction work on


the project is being supported by a£4.1m grant from Welsh Government, and Minister for the Economy, Science and Turn to page 2


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