One of the biggest business parks in Wales, Mamhilad Park Estate, has brought to market newly refurbished office space with strong tenant interest reported.
The mixed-use estate in Pontypool provides 1.2 million sq ft of industrial space and 300,000 sq ft of office space.
A rolling programme of investment to improve and upgrade the full property portfolio has attracted a growing variety of occupiers.
Currently more than 150 public, private and third sector tenants, employing nearly 2,000 people, are located at the park.
Commercial property specialists Cooke & Arkwright are letting agents on part of the office portfolio for the park’s owner Johnsey Estates.
Tim Lawley, associate director at Cooke & Arkwright, who is marketing the offices and also acts on a referral basis for industrial units at the estate, said: “Refurbishment of the latest high quality office suite of 4,250 sq ft at Mamhilad House has recently been completed and is available to rent.
“There is also a range of accommodation from 180 sq ft to 1,000 sq ft available on flexible terms across the office estate. There has been good deal of activity with tenants expanding and signing up, as well as some in the pipeline.”
He added: “Johnsey Estates is also receptive to enquiries for larger space, as there is the potential and ability to develop more high grade offices at the park. One occupier was recently able to double its office space without moving from the site. In addition, there are industrial units available on flexible lease terms ranging from 1,000 sq ft to 500,000 sq ft.
“Mamhilad Park Estate is constantly evolving, and current transactions are in hand involving companies in the medtech sector, who are taking advantage of the proximity to the Grange University Hospital, which is under construction only a few minutes’ drive away.”
The park, set in more than 80 acres, occupies the site of the former British Nylon Spinners (BNS) manufacturing centre.
Since its acquisition by Johnsey Estates in 1986, it has been transformed into a campus-style hub that is now home to businesses ranging from SMEs occupying less than 1,000 sq ft, to large organisations operating from more than 100,000 sq ft.
There is also flexible space targeted at start-up businesses.
