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Business park buys 10 more acres; Commercial Property CARDIFF GATE: Sites to be offered to retail and restaurant operators.

Byline: SION BARRY

ONE of Wales's most successful business parks, Cardiff Gate Business Park, has acquired a further 10 acres for commercial development.

The park has announced the completion of the purchase of the adjacent motorway services area, increasing the total business park size to 100 acres.

The 10-acre motorway services area currently has established names on-site including an Ibis Hotel, Little Chef, Burger King and Total service station.

Vincent McNabb, director at Cardiff Gate Business Park, said, "We are pleased to have been able to acquire the adjoining site, Cardiff Gate Motorway Services.

"This purchase represents a significant investment for Cardiff Gate Business Park, allowing us to expand even further. This is a strategic acquisition for Cardiff Gate Business Park as the motorway services area will not only provide a service facility for the general public but also for the business park itself.

"We are constantly looking at ways of improving on-site facilities for the 2,000 staff based at Cardiff Gate and this investment will further add to the offering."

Fletcher Morgan is the sole agent for the scheme. Partner John James believes the development will suit a variety of professions.

He said, "We currently have some 6,000 square feet available within the motorway services building, and will be offering varying-size units starting from 200 to 300 square feet to retail or restaurant operators. I believe interest in these units will be considerable. It is a fantastic location with easy access to the city centre and motorway network.

"Businesses will be attracted to the site by the sheer size, the pleasant working environment and the established reputation of the business park, and will want to join the high-profile organisations already at Cardiff Gate."

The business park has acquired Cardiff Gate Motorway Services from Brunswick IDL, which went into receivership last year. The receivers were represented by Bache Treharne and Fletcher Morgan.

Cardiff Gate Business Park was opened in 1996.

The facts CARDIFF Gate Business Park:

360,000 square feet occupied and planning for a further 500,000 square feet o f development;

2,000 jobs created - potential for 10,000 jobs;

The total investment value on completion is estimated at pounds 150m;

High-profile national and international occupiers including Coca Cola, Women's Royal Voluntary Service, Redrow Homes, Wimpey Homes, International Baccalaureate Organization and Ramesys;

Tailor-made business options including fast-track design and build packages for business headquarters, call centre and research and development operations;

Excellent car parking ratio: 1:250 per sq ft;

Regional Selective Assistance Grants available;

Car-sharing transport scheme in operation.

CAPTION(S):

PURCHASE COMPLETED: John James of Fletcher Morgan and Kath James of Cardiff Gate Business Park outside the motorway services area which is now part of Cardiff Gate Business Park
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Title Annotation:Business
Publication:Western Mail (Cardiff, Wales)
Date:Mar 27, 2002
Words:455
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