News
Nuaire buys second manufacturing site at Caerphilly
January 7, 2021
Indoor air quality and ventilation manufacturing specialist Nuaire has acquired a second manufacturing site on Western Industrial Estate in Caerphilly. It has purchased the 61,000 sq ft industrial unit adjacent to its current site on the estate for £2.4 million from a private investor, who was advised in the transaction by property consultancy Knight Frank. Nuaire was represented by Fletcher Morgan.
The acquisition of the new five acre site will enable Nuaire to double its current manufacturing capacity. Managing director Wayne Glover said: “Although 2020 has been a tough year for our industry we haven’t shied away from investment into new product development, our people, in the latest technology or our manufacturing facilities. By taking a long-term approach to investment we have created a solid foundation on which to build our future.”
Neil Francis, head of Knight Frank’s Logistics & Industrial team in Cardiff, said: “With the property becoming vacant and Nuaire having an immediate requirement we were able to negotiate an off-market sale that satisfied both parties.”
Fletcher Morgan’s David Mullins commented: “This purchase is a significant investment for Nuaire. The additional capacity will allow the company to take a more agile approach to meeting customer needs and the ever-increasing demand for faster build times and delivery.”
Nuaire celebrates its 50th anniversary of operating in Caerphilly in 2021 and has shaped the industry with ground-breaking products for over five decades, setting the standard in clean air and energy-efficient ventilation products. It employs over 500 people and will continue to seek acquisition opportunities during the coming year.
Wayne Glover added: “By making such a significant investment at a time of such uncertainty, we are demonstrating our confidence in future growth. This is a big step forward in consolidating our position as a market leader in the ventilation industry; we were fast outgrowing our current site, and we hope our continued success will lead to more job creation in the future.”
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First letting of 2021 completed at Newport
January 4, 2021
@FletcherMorgan working jointly with @ej_hales on behalf of @GarrisonBarclay have let #retail units on Upper Dock Street in #Newport to
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New Burger King drive-thru opens in Cross Hands
December 23, 2020
A new Burger King drive-thru has opened at Cross Hands Retail Park near Carmarthen. The purpose-built drive-thru is Swansea franchise operator Unionburger’s latest restaurant and occupies a 2,750 sq ft plot at the entrance to the Park. Cooke & Arkwright acquired the site on behalf of Unionburger in a deal negotiated with Fletcher Morgan acting for the landlord.
Cross Hands Retail Park was newly developed by The Conygar Investment Company PLC and forms part of a 50-acre mixed-use scheme including 250 new homes by Persimmon Homes and other house builders.
Chris Baker of Unionburger said, “We’ve employed 40+ new staff to manage this site. The restaurant is in a very prominent position at the entrance to the Cross Hands Retail Park. Since its opening, the Retail Park has proved very popular in the area so we are confident that this new Burger King will also be a success. We recently opened in Barry Waterfront and that unit has exceeded expectations despite the difficulties caused by Covid.
“2020 has been a very challenging year, particularly in the high street; however, we have managed to not only survive but to expand our portfolio. With the recent announcements of vaccines becoming available, public confidence appears to be returning and we hope to see a rapid upturn in retail in 2021. We are interested in new drive-thru locations throughout South Wales and hope to open several other restaurants over the next few years.”
Huw Thomas, Director of Retail & Leisure at Cooke & Arkwright said, “This is Unionburger’s second drive-thru to open in South Wales this year, following the launch of its Barry Waterfront outlet in September.
“We identified this Cross Hands location for its proximity to the A48(M) with in excess of 36,000 vehicles passing the site daily. The wider retail location is well established due to Leekes’ historic presence at Cross Hands and several car dealerships. Cross Hands Retail Park is becoming an established retail location due to the presence of the likes of Lidl, B&M, Iceland, Pets at Home and Peacocks.
“Unionburger are planning to open several new restaurants over the next few years and we continue to actively look for new sites, in particular drive thru locations.”
Robert Ware, Chief Executive of The Conygar Investment Company PLC added, “During the year in addition to the new Burger King, we completed the 23,000 sq.ft. Lidl foodstore which opened in January 2020, let 1,300 sq ft to Card Factory and exchanged agreements with gym operator, Snap Fitness. On completion of these lettings the Park will be 95% let. This is very pleasing given the volatility in the retail sector and reflects the quality and robustness of the Park predominantly occupied by essential retailers who have continued to trade through the pandemic.”
Unionburger currently employs around 330 people across South Wales and at its drive-thru in Gloucester.
Photo: Huw Thomas, Cooke & Arkwright; Keith Williams, Conygar Investment; Richard Ryan, Fletcher Morgan; Chris Baker, Unionburger
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