Cardiff Gate business park expands by buying adjacent land.
Cardiff Gate International Business Park has added the site adjacent to Lloyds Banking Group - located on the outskirts of the capital.
The news is a further statement of confidence by Sir Robert McAlpine Enterprises, owners of the Business Park and its Cardiff Gate International Business Park development managers Tony Fletcher and Vince McNabb in the Cardiff commercial property market.
Work started in May on a speculative 82,880 sq ft development.
Completion of the first 20,000 sq ft phase is planned for this December with 10,000 sq ft let to accountancy firm Broomfield & Alexander.
When complete, the Lime Tree Court office scheme will comprise of six detached three-storey buildings. Under the first phase, a 10,600 sq ft unit with 47 car parking spaces is being speculatively developed.
Tony Fletcher, managing director at Cardiff Gate International Business Park, said: "We are currently considering a number of options on how to take the site forward. There is potential for 30,000 sq ft of accommodation on the parcel of land.
"Cardiff Gate is a well located business park and has a lot to offer potential occupiers.
"This is a strategic purchase for Cardiff Gate and we are very much looking to building on the park's success over the years."
Fletcher Morgan is the agent for the 100-acre business park located on junction 30 of the M4.
John James at Fletcher Morgan said: "This is a key acquisition for Cardiff Gate and represents one of the most prominent sites at the development.
"We're encouraged by the interest we are receiving in the park from local companies looking to relocate given the current cautious market conditions, and look forward to working with Cardiff Gate to bring the new site to fruition."
Since the business park opened in 1998, 70 acres has been developed from the launch of its first building, with 30 acres remaining. 500,000 sq ft is now occupied by blue chip firms including Scottish & Southern Energy, The Number 118, Castleoak, Coca Cola and Royal College of Nursing.
Tony Fletcher, managing director at Cardiff Gate International Business Park, which has made a strategic purchase of land for expansion, in red above
|Printer friendly Cite/link Email Feedback|
|Publication:||Western Mail (Cardiff, Wales)|
|Date:||Jun 30, 2010|
|Previous Article:||There are opportunities out there - we must seize them.|
|Next Article:||Spike in prices predicted as builders look for quality sites; LANDOWNERS ADVISED TO CAPITALISE ON GOOD DEMAND.|