Contents In This Issue
Featuring Wales and The South West 4 - 13
Regional news plus Scottish news
Wales 2024 Cover Story – Powys Council
Growing Mid Wales Williams and Goodwin
BIDx1, Queensway I E Wrexham
Edgemoor Estates, Legat Owen, B8RE
14 - 15 16 - 17 18 19
20 - 21
Mileway, Savills, Legat Owen 22 - 23 Bank of Wales
Neath Port Talbot Council
24 - 25 26 - 29
Milford Haven Port Authority 30 Swansea Council Astleys Swansea Hunt and Thorne Torfaen Council
Paul Fosh Auctions Hodge
Caerphilly Council
Avison Young, Knight Frank Blake Morgan, Knight Frank
The South West GFirst LEP, KBW, THP Online
IPIF Gloucester City Council
Bruton Knowles, Vickery Holman
Gloucestershire College, Forest of Dean Council
31 - 33 34 35 36 37
38, 55 39 40 41
Tramshed, UKSE, Knight Frank 42 43
44 - 45 46 47
48
Editor: Linda Bonney-Doyle Office Manager: Poppy Michelson IT Production: Alex Kennedy Advertisement Features Director: Kevin Phillips
• • • •
Cheltenham Council Cotswold Council, Reef Smethurst
Myddelton Major Huw Thomas Vail Williams FI-REM
Hoottons, LGM Rob Russell
Avison Young, Welcome Building
Bath & North East Somerset Council
Brabazon, LGM C Squared, LSH Browne Jacobson
Carter Jonas, Bruton Knowles Somerset Council, Stoford Alder King
Stephen & Co
Alder King, Exeter Science Park
Sherford BP, Royal William Yard
Waycotts
East Devon Council, Stratton Creber Commercial
Alder King, Space Port, Tre- veth Holdings
Stephens Scown Car Test
49 50 51 52 53 54 55 56 57 58
59,66
60 61
62 - 63 64 65 66 67 68
69
70 71
72 73 74
Motoring Editor: Kevin Gunns Subscriptions: James Ludlow Published by: CPM Consulting Design & Typesetting: Celeritas Digital
The publisher does not necessarily agree with the views and opinions expressed by contributors No material may be produced in part or whole without written permission from the publisher Editorial contributions are accepted on an all rights reserved basis only
While due care is taken to ensure the accuracy of information in this magazine, the publisher cannot be held responsible for any errors in editorial articles or advertisements
Commercial Property Monthly
Alpika House, 343 Eden Park Avenue, Beckenham BR3 3JN Tel: 0207 993 6657
editorial@commercialpropertymonthly.com
www.commercialpropertymontly.uk ISSN 1466-688x
This issues front cover and cover story introduction on pages 14-15 is Powys Council who have spent a total of £3.1 million on buying and refurbishing the Art Nouveau and Art Deco style Automobile Palace in the centre of Llandrindod Wells. On pages 16-17 Growing Mid Wales have exciting development opportunities. Williams & Goodwin Explore the dynamic commercial property market in Anglesey & Gwynedd on page 18. Edgemoor Estates on pages 20- 21 are featuring their mature industrial and distribution setting of Zone 2, Deeside Industrial Park which is now complemented by 100,000 sqft of BREEAM “Excellent,” EPC A+, manufacturing/distribution floor-space. On pages 22-23 Mileway are offering generous Industrial and warehouse space. On pages 24-25 Development Bank of Wales are funding various projects throughout Wales. Neath Port Talbot Council on page 26 to 29 are front and centre for business - highlighting Baglan Bay Innovation Centre, bay technology Centre and The Metal Box. On pages 31,32 and 33 Swansea City
Council have a £1bn regeneration
programme that’s raising Swansea’s profile for investment, development and business is pointing to a bright future for the city. Astleys on page 34 are very excited to relaunch as part of the Astleys Group the well-known Cardiff Chartered Surveyors and property advisors Stephenson & Alexander (S&A) to be rebranded as Stephenson Alexander Astleys (SAA). Jason Thorne, Director at Hunt & Thorne CS Swansea asks; will we see a change in fortunes in the Office market in 2024 on page 35. Cwmbran’s Springboard Business Innovation Centre ~ Wales from Torfaen Council proves ideal home for high tech start-ups see p 36. What does success look like for Paul Fosh Auctions? Well, achieving the number one spot shortly after launch and retaining that ever since is a good start on page 37. Hodge are on pages 2, 38 and 55 and Gareth Davies, head of business development for commercial lending at Hodge, shares his thoughts on page 38. Caerphilly Council on page 39 are offering Tredomen Business and Technology Centre is located in Tredomen Park, Ystrad Mynach the fantastic venue offers extensive event hosting services and top-class facilities. Blake Morgan on page 41 ask Building a better future – Decarbonising construction – is change the Client’s responsibility? Staying on page 41 Matt Phillips of Knight Frank reports
that the prime rent for Grade A office space in Cardiff is set to reach record levels later this year. IPIF are promoting throughout the South West on pages 44-45. Gloucester City Council are going places on page 46. Cheltenham Council on page 49 is – a thriving town with a culture of
innovation. Daniel Smethurst is Unveiling the Opportunities and Exploring the Swindon Commercial Property Market on page 51. Despite the gloomier economic picture in 2023, the industrial and distribution market across Wiltshire has remained buoyant reports Dean Speer Myddelton & Major on page 52. Huw Thomas on page 53 reports on the retail market in Wiltshire. On page 57 Rob Russell says following the pandemic, we have seen unprecedented demand for industrial/warehousing. Bath & North East Somerset Council on page 59 boasts great office and retail accommodation for business. Andy Heath from CSquared on page 61 reports Bristol and Bath continue to show great potential as a region that national and global investors become ever more interested in. Browne Jacobson report on UK housing and development and the proposed new legislation on pages 64-65. Andrew Hardwick of Carter Jonas says the Bristol office market is hard to read see page 64 and Bruton Knowles reports considerable growth staying on page 64. Michael Ripley of Stephen and Co reports on Western Super Mare on page 67. Noel Stevens Alder King Exeter highlights that Exeter’s commercial property market has proved robust in recent years and Exeter Science Park proves popular on page 68. Nick Wheeldon MRICS Director Waycotts C S on page 70 reports that there is still a large appetite by investors to buy investments throughout the Southwest. On page 73 Stephens Scown is a leading South West law firm with a reputation for doing things differently.
COMMERCIAL PROPERTY MONTHLY 2024 3
From the Editor
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82
