A government-funded multi-million-pound business park in Bridgend, Wales, which has remained vacant for years after being built, has secured its first development.
Brocastle Employment Park
Hillwood, with Maple Grove Developments (Deeside Regeneration), has agreed terms with the Welsh government to speculatively develop a single industrial unit at Brocastle Employment Park.
The 57,486 sq ft unit on the 4.85-acre plot will be the first advanced build unit on the park.
Funded with more than £10m from the Welsh government and European funds, the infrastructure for the park was completed in November 2021, providing nine plots ready for industrial and logistics development.
However, the site has since remained largely unoccupied. The hope is the scheme will kickstart wider development across the park.
Work on the unit will commence early next year to be ready for occupation in 2027.
Bob Tattrie, managing director of Hillwood, said: “We are excited to be bringing forward a further advanced build industrial scheme in South Wales, which suffers from a lack of grade-A industrial accommodation.”
The wider Brocastle Employment Park extends in total to 116 acres and extensive infrastructure and services have been installed by the Welsh government.
The park site benefits from outline consent for B1/B2 uses and will be marketed specifically to the manufacturing sector.
Adam Price, Cabinet minister for enterprise, connectivity and energy, said: “Developing modern employment sites and premises which provide investment-ready platforms is a key part of the new Welsh government’s mission to halve Wales’s productivity gap with the UK average.
“Such sites support businesses to plan and invest with confidence, and this development provides important opportunities for both new investment into Wales and for existing Welsh businesses to grow.”
Deeside Regeneration is represented by Knight Frank and JLL, Cardiff offices.
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