Springvale Industrial Estate is moving closer to full occupancy
Springvale Industrial Estate in Cwmbran.(Image: )
FI Real Estate Management has let 12,432 sq ft of space at its Springvale Industrial Estate in Cwmbran to bulk-buy retailer Wholesale Motion. The new tenant has taken unit 54, which provides industrial and trade counter space.
Wholesale Motion will use the new unit to expanded its distribution space.
The deal was completed in just two weeks, amid continuing demand for industrial space in Cwmbran. Existing occupiers range ranging from large national companies such as Rentokil and Fike Safety Technology to growing local businesses.
With few industrial units remaining, Chorley-based FI Real Estate Management has invested further in refurbishing their largest unit on the estate. Unit 56-58 comprises a total of 36,085 sq ft and are being extensively refurbished both internally and externally with work expected to be completed in the first quarter of this year.
FI Real Estate Management said the letting highlights the continued momentum across its UK industrial portfolio.
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Tim Knowles, managing director and founder of FI Real Estate Management, said: “The letting of unit 54 at Springvale Industrial Estate to Wholesale Motion is a prime example of our speed and resilience in bringing high-quality, in-demand industrial space to market.
“It was a pleasure to work with the team on this deal, which was a seamless process, and we’re looking forward to seeing how they grow their business, taking advantage of the site’s strategic location and existing network of nationwide businesses.
“We’re continuing to invest in the remaining units at Springvale Industrial Estate to ensure they meet modern requirements, and we look forward to welcoming further businesses as that work completes.”