| wales


IN MY VIEW T


he last few weeks of the year are always a time of reflection in the commercial property world.


What learnings can we take from 2017 and where do we feel there is scope for opportunity over the next twelve months?


For me, Mark Diaper


Enterprise Zones will play a big part here as they offer the best possible conditions for businesses, both old and


new to thrive, by providing companies with tax breaks and government funding. They have become a real driving force for local economies, helping to unlock new development opportunities, consolidate infrastructure, as well as attract investment and stimulate local employment. More and more businesses we are working with are now seriously considering these zones as the location of choice for


by Mark Diaper, Associate Director at Legat Owen, Chester their growing organisations. And with that said, my mind wanders to


North Wales and the opportunities that are on offer in Deeside and Anglesey, which are amongst the first Enterprise Zones created


Deeside Enterprise Zone (DEZ) is home to the highest concentration of manufacturing jobs in the UK, from thriving SMEs and well known global brands like Toyota, Tata Steel and Airbus.


by the Welsh Government in North Wales. Deeside Enterprise Zone (DEZ) is home to the highest concentration of manufacturing jobs in the UK, from thriving SMEs and well known global brands like Toyota, Tata Steel and Airbus. Anglesey Enterprise Zone (AEZ) has a focus on the Energy sector. Wylfa Newydd is the largest project which will lever in an


estimated £12 billion worth of investment to deliver a nuclear powerstation. There are lots of other interesting projects in the pipeline as well including solar, wind and tidal generation. Morlais is leading the way in subsea tidal generation off the coast of Holyhead. Enterprise Zones are successfully stimulating new business growth and inward investment. So, if you are looking to relocate your premises, you may seriously wish to consider one because of the potential and competitive edge they provide.


Mark has over 14 years’ experience working in Legat Owen’s Industrial Agency Team within the Business Space Department as an Associate Director, joining the company after a successful Sandwich Placement from Nottingham Trent University.


Specialising in the acquisition and disposal of industrial premises, land and development, Mark acts for clients from Individuals to Prop Co’s and Funds including Aberdeen Asset Management, IPIF, Tilstone, Hollingsworth Estates, Hurstwood Holdings, Stretton Group, Northern Trust and HIMOR.


KING’S COURT SUCCESS CONTINUES C


ommercial property consultant, Legat Owen, has announced that phase two of the King’s Court development, in Sandycroft, is now fully let. Developer Hollingsworth Estates has reached the completion of phase three and is starting work on phase four at the highly popular scheme. Shaun Hollingsworth, managing


director of Hollingsworth Estates, said: “Since the completion of phase two and three, we've already got strong interest in phase four. This is mainly due to the excellent location, quality build and also flexibility for accommodation to meet incoming occupiers.” Located within the Deeside Enterprise


Zone, King’s Court will comprise a total of 85,000 sq.ft of trade counter, light industrial and warehouse units. Lodge Initiatives and RSV have taken the final units on the second phase.


Specialist roofing supplies distributor, Rinus Roofing, has been unveiled as the first tenant to acquire space on phase three, taking 5,000 sq.ft following a high quality bespoke fit- out which includes trade counter space and the construction of a large service yard. GRM Property Services acted for Rinus Roofing. 6,000 sq.ft is currently under offer but


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two units still remain on Phase Three with sizes available from 4,500 sq.ft. Ian Leigh, director at Rinus Roofing


said: “Choosing to move our premises to Kings Court was a logical step for our business.


“Not only will we benefit from a high quality new build unit, located in an established industrial network, it also has excellent transport links with easy access onto the A55/M56 in and around Cheshire, making it ideal for customers and deliveries.” As King’s Court is located within a Tier


2 Grant Assisted area, business who are considering a move there may be eligible for grant support. Construction work on the fourth stage has already started which will offer a further 24,000 sq.ft available Summer 2018.


Speaking about the recent lettings, Mark Diaper, associate director at Legat Owen, sole agents for the scheme, said: “King’s Court has been a real success story as we have had so much interest from the get go. “As well as being located in a prime industrial hot-spot, with excellent transport links, the fact that the park is situated within an Enterprise Zone makes


it an even more attractive proposition for businesses. “As we move forward in to 2018, we


expect to see Enterprise Zones playing an even more pivotal role in the commercial property agenda as they offer first class business infrastructure, compelling commercial incentives and business relief rates.”


Kings Court is located in Sandycroft,


North Wales, in the heart of the main employment area. The site is close to Chester Road (B5129) and has direct access to the A494 (to North Wales) and the A55 via Hawarden. Kings Court is situated close to Airbus


at Broughton and major occupiers in Deeside Industrial Park. Legat Owen acting on behalf of


Hollingsworth Estates. Quoting rentals for Phase 3 and 4 are £6.00 psf.


COMMERCIAL PROPERTY MONTHLY 2017


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