New units at a business park in Bridgend have been pre-sold with plans under consideration for a second phase.
The 18 units, measuring 1,335 sq ft each, in four self-contained terraces at Felindre Court, part of Pencoed Technology Park have been built on a speculative basis by FABCO Holdings and are nearing completion.
The units were developed with undisclosed funding from the Development Bank of Wales via the Wales Commercial Property fund.
Director Ashley Boon said: “The Development Bank provides short-term flexible loans for small and medium sized developers like us who are looking to develop speculative commercial units.
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“It’s a straightforward process that has allowed us to get on with building the project. What’s more, as a result of the success of this development at Felindre Court we are now looking at the possibility of a second phase of a further 14 units.”
Carl Fitz-Gerald, senior property development executive with the Development Bank of Wales said: “FABCO’s commitment to quality, innovation and energy efficient developments has made Felindre Court an attractive proposition.
“Situated just a stone’s throw from the M4 at junction 35, the development brings much needed good quality modern light industrial premises to the market, where there is a well-documented lack of supply. This first phase of units have been highly sought-after and we look forward to the possibility of continuing our relationship with FABCO on a further phase.”
The units have an energy efficiency rating of A and also feature electric vehicle charging points with good access to Bridgend, Swansea and Cardiff beyond.
All have their own separate door and roller shutter access, with the option to include a mezzanine which makes them attractive for businesses seeking their own premises.
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