Social enterprise Business in Focus has significantly expanded its property portfolio with the acquisition of six new property locations across the Valleys and in Wrexham.
Business in Focus, which also specialises in business support, has acquired a range of premises from Venture Wales.
The deal, the value of which hasn't been disclosed but with finance provided by Handelsbanken, sees Business in Focus adding a further 150,000 sq ft of flexible workspace. leased to small firms, to its property portfolio.
Its new property interests, which have around 215 existing tenants, are:
Ty Menter, Ty Cynon and Ty Antur at Navigation Park in Abercynon
Corporation Building and Enterprise Centre, Aberdare.
Bedwas Enterprise Centre, Bedwas
Valleys Enterprise Centre, Merthyr Tydfil
Enterprise Centre at the Pant Industrial Estate Dowlais
Units 12 and 14 at Wilkinson Business Park Wrexham.
The acquisition increases its office space by 67% from 227,000 sq to 380,000 sq ft, taking its locations from 15 to 21.
Its existing 15 offices, across Wales, which include those in Maesteg, Bridgend and Newport, have an occupancy rate of 98%.
It tenants are mainly small firms.
Chief executive of Business in Focus, Katy Chamberlain, said:" This is precisely the right time to step up and show our support for small businesses in Wales.
"At Business in Focus we have long championed prosperity in Wales. We know that small businesses are the backbone of the Welsh economy and are likely to feel the impact of any Brexit resolution.
"The continued strength of the market for small businesses says a lot about the resilience of small business owners. Today, businesses face unique challenges and opportunities and our investment will enable us to provide continued support for the SME sector at a crucial time.
Business in Focus, which has its head office in Pencoed, was established 30 years ago.
It is also currently the lead delivery partner for the Welsh Government's flagship business advisory service, Business Wales
