Port operator puts 13 acres of land on market
PLANS to build new industrial and logistics space, creating hundreds of new jobs in the Port of Cardiff, have been revealed.
Owner or the port, Associated British Ports (ABP), has brought 13 acres of land to market.
The port operator is looking to retain the freehold interest and provide leasehold design and build opportunities for units ranging from 15,000sq ft to 100,000sq ft on two land sites at its existing ABP Business Park.
It said there is already strong interest from investors and firms.
Helen Thomas, ABP’s head of property for Wales and short sea ports said: “Cardiff’s port already supports 2,600 jobs UK-wide and contributes around £180m to the economy each year.
“We believe the development of these sites can be a further catalyst for investment and creating new jobs in what is now the fastest growing capital city in Europe.”
The wider site benefits from a direct rail link which can be extended into ABP Business Park to enable transportation of freight and products.
As the land sites are located within the port, they also have direct access to sea routes and can accommodate deep sea trade.
Established businesses on the park include Tarmac, Bob Martin and Valero.
Ms Thomas said: “ABP is a committed partner and has a track record of bringing sites to market which are ready to develop.
“We work collaboratively to build long-term partnerships and deliver the right solutions for customers, including value-added services and new facilities tailored to suit their business needs.”
The sites are part of a UK-wide initiative by ABP which will see it release more than 1,000 acres to support the UK’s supply chain, manufacturing and renewable energy sectors.
Cushman & Wakefield and CBRE are advising ABP on the development of the Cardiff site.
ABP’s Port of Cardiff handles around 1.4 million tonnes of cargo each year. Its other port interests in South Wales include the ports of Newport, Port Talbot and
Swansea.