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AWG opens first Wales office in premier business location.

Leading commercial property developer AWG has opened its first office in Wales.The office investment at Caspian Point in Cardiff Bay is in recognition of AWG Property's involvement in a number of high-profile development schemes in South Wales.

It is developing the 45 acre, pounds 100m Celtic Springs Business Park in Newport and is also active at Gwent Europark in Magor, where an application for a 750,000 sq ft distribution centre has been submitted with planners.

Celtic Springs Business Park is home to HM Prison Service, Wales and West Utilities and Integra. These will soon be joined by a 35,000 sq ft speculative office building, pounds 11m, 145-room, five-star Ramada Plaza hotel, a private children's day nursery and a UK first, a specialist medical day surgery unit. AWG is also developing a site at Emerson Green, in North Bristol, where it is building 35,000 sq ft of offices, 50% of which is pre-let prior to completion.

AWG, which has its company headquarters in Edinburgh, has been operating in South Wales since 1994.

Iain Logue, operations director with AWG Property, will head up the new operation.

Mr Logue said, "Establishing a physical presence for AWG with the opening of an office in the heart of Cardiff's professional services district is a mark of intent on our behalf that we mean to do even more business in Wales. The offices are ideally located in Cardiff Bay, just a short walk from the Welsh Assembly Government building and close to all the superb amenities that are on offer in the Bay.

"The new headquarters office is also well placed in term of accessibility and location to the motorway network and the airport."

Caspian Point is part of the Cardiff Waterside property estate, which is being marketed jointly by chartered surveyors Cooke & Arkwright and Knight Frank.

Beverly Jenkins of Knight Frank said, "Cardiff Waterside is recognised as the premier business location."

Roger Thomas of Cooke & Arkwright said, "This suite became available due to the relocation of the original tenant. The fact that it re-let almost immediately reinforces the popularity of this location."
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Title Annotation:Business
Publication:Western Mail (Cardiff, Wales)
Geographic Code:4EUUK
Date:Aug 8, 2007
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