Generation (UK) Ltd, which supplies access and building equipment to the construction, events, industrial and utility markets, has bought 1.5 acres of land alongside its existing site in Rover Way from Tarmac Ltd. The purchase has doubled the size of its facilities in Cardiff and allows it to hold more stock, employ more local people and overall, provide a more efficient service. Cooke & Arkwright acted for the vendor in the sale and DTZ acted for Generation UK.
“We have had a presence in Cardiff for over 25 years and Generation Cardiff is one of our most successful branches which continues to grow despite the recession,” said Area Director Steve Swindell. “Therefore we had to expand to accommodate the growth. Our facilities have doubled in size with an additional 1.5 acres of open storage.”
Jeremy Symons of Cooke & Arkwright said, “The marketing of the site proved that even in difficult trading positions, those opportunities with road side frontage will always prove to be in demand. Interest was exceptional, to the point of needing best bids to identify the purchaser. We now seem to be in a position where we have parties that are keen to acquire similar sites in Cardiff and are actively looking for property in strategic locations.”
Neil Francis, Associate Director at DTZ added, “Generation are an established client of DTZ’s and we were pleased to act on their behalf in securing the acquisition of this site. It is pleasing to act for a company looking to expand despite the difficult current market conditions.”
Generation UK currently employs 15 people at its Cardiff branch and says that in the long term, it hopes to take on further staff should the branch continue to grow at its current rate. The company has performed well throughout the last difficult few years and Cardiff is not the only branch benefiting from expansion. A quarter of an acre of land has been acquired for its Stockport branch and the Bristol branch is currently undergoing an extensive makeover with a new roof to the warehouse and new staff facilities being installed.
“We are pleased to have emerged from the recession stronger than ever despite the recent downturn within the construction sector, and we are happy with our current performance,” said Managing Director Mark Clifford. “We are delighted to be able to expand in the current climate and develop opportunities for employees and the business as a whole and look forward to continuing to service South Wales from a local branch.”
Mr Clifford said that Generation UK is consistently introducing new products and services into all its branches across the UK. One of the main focuses at present is Genlok, a versatile Modular System Scaffold for all access needs. It is also innovating in products for the Oil and Gas Heavy Industry to aid improvements in safety and efficiency.