Planning Submitted for New Scheme at Pencoed
Deeside Regeneration Limited, a joint venture between Maple Grove Developments and Trebor Developments, has submitted a detailed planning application for a new speculative industrial development of 46,100 sq ft, to be located adjacent to Junction 35 of the M4 Motorway, on Pencoed Technology Park.
The scheme, which sits within a Tier One grant assisted area offering the highest level of grant assistance for qualifying projects, is being supported by the Welsh Government and the European Regional Development Fund (ERDF).
Speaking about the planning application, Bob Tattrie, Managing Partner at Trebor Developments, commented: “This scheme is being brought forward to provide much needed quality industrial accommodation in the South Wales region. As one of the most active mid box industrial developers in the UK, we recognise there is pent-up demand from occupiers in South Wales, which this development will fulfil.
“Our successful partnership with Maple Grove Developments has seen us recently complete a speculative three unit industrial scheme at Deeside in North Wales, which is now under offer and we look forward to replicating our success in grant assisted areas with this further proposed speculative development”.
The industrial unit will be available on a leasehold or freehold basis.
Knight Frank, Cardiff and DLP Surveyors, Cardiff, have been appointed as joint letting agents for the scheme.