PLANNING PERMISSION GRANTED FOR NEW ADVANCE BUILD INDUSTRIAL DEVELOPMENT AT PENCOED
Deeside Regeneration Limited, a joint venture between Maple Grove Developments and Trebor Developments, has received detailed planning consent for its new speculative industrial scheme of 46,100 sq ft, to be located adjacent to Junction 35 of the M4 Motorway, on Pencoed Technology Park.
The scheme, which sits within a Tier One grant assisted area offering the highest level of grant assistance for qualifying projects, is supported by the European Regional Development Fund through the Welsh Government In line with Welsh Government’s sustainable buildings standards, the scheme will be built to BREEAM Excellent Standard, putting sustainability at the forefront of the development
Bob Tattrie, Managing Partner at Trebor Developments, commented: “We are delighted to achieve planning consent which will now allow us to commence construction on site in April, with building completion this year. The project is available as a single unit or can be divided into two and therefore offers a most attractive mid-box, high quality, industrial scheme which is very rare in the South Wales market. We expect strong demand given the low availability of quality industrial stock and the location can serve both directions of the M4 (to Cardiff or Swansea) and so is highly flexible”.
Deputy Minister for Economy and Transport Lee Waters said: “This development will provide modern business space. It will also support our commitment to create opportunities and secure lasting economic change for our communities.
“I am delighted we have been able to support this important project, and I look forward to seeing it progress and help make the area a more prosperous place to live and work.”
The scheme will be available on a leasehold or freehold basis.
Knight Frank, Cardiff and DLP Surveyors, Cardiff, have been appointed as joint letting agents for the scheme.