New tenants for Wales 1 Business Park

Posted on by John Cronin

New tenants are set to occupy offices at an expanding business park in Monmouthshire later this month.

102 Wales 1Charnwood Group, developers of the Wales 1 Business Park at Magor, Monmouthsire are expecting 2 new tenants to move in to brand new office space during June.

Construction works are due to finish on Building 102 (pictured) and Mad Catz, an interactive entertainments company, are to take the 5,000 sq ft 2nd floor of the 3-storey 15,000 sq ft building. The ground floor is to be a conference centre and the top floor remains available. Rental prices have not been disclosed.

The other incoming occupier is Monmouthshire County Council (MCC) who are relocating 200 staff to the 28,000 sq ft Building 104. The Grade A offices were previously part-occupied by serviced offices provider Regus. Regus have relocated to another 15,000 sq ft building on the site. MCC purchased the building in May, 2010.

Steve Greenslade, MCC’s Corporate Director, commenting on the purchase of the new offices said: “The purchase of the Wales 1 building represents an exciting start to Monmouthshire’s new accommodation strategy and will enable us to make cost savings through new ways of working.”

When complete, Wales 1 will offer approximately 255,000 sq ft of high quality office accommodation along with a hotel and a nursery. The smallest office blocks will offer 15,000 sq ft of floor space and the largest building, suitable for headquarters office use will offer 50,000 sq ft of space. There will be a total of 9, 3-storey office blocks within the 17-acre business park. The buildings are BREEAM rated ‘Very Good’. Design and build options are also available.

 

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