🚀 Exciting news for Newport! One of Wales’ top business parks, Indurent Park, is set for a massive boost with a new expansion kicking off early next year! 🏗️ This major development will add a whopping 338,000 sq ft of brand-new industrial and logistics space, promising hundreds of new and relocated jobs in the area.
Located at the historic former Llanwern steelworks site, this ambitious project is part of the expansive 600-acre Glan Llyn regeneration scheme. The new phase will feature five units, ranging from 44,000 to 115,000 sq ft, ready by the end of next year. But that’s not all! A final phase, bringing an additional 301,000 sq ft, is planned for completion by the end of 2028. 📅
Over the past ten years, Indurent Park has flourished with 550,000 sq ft developed across ten units. Home to major companies like Microsoft, Amazon, and Aerfin, it’s a bustling hub of innovation and business. Aerfin, now based here, expanded into a massive 116,000 sq ft space earlier this year! ✈️
Carys Allen, the development director, highlights the park’s role in revamping this historic site and turning Newport into a thriving business hub. The upcoming stage aims to attract global businesses, boosting Newport’s reputation as a key industrial and logistics centre in south Wales and the UK. 🌍
Indurent Park continues to break records, with rental levels steadily rising. The last big letting hit £9 per sq ft, surpassing similar in Bristol and the south west. Who knew Newport was the place to be for top-notch business space? 📈
Formed in 2024 by Blackstone through merging St Modwen Logistics and Industrials REIT, Indurent’s UK portfolio now boasts over 30 million sq ft and is the home of around 2,000 businesses, from ambitious SMEs to multinational giants. 🌟
With its strategic location and consistent growth, Newport’s Indurent Park is setting the stage for even more success and job creation. Let’s watch this space! 🏢🛠️💼