JLL’s Cardiff office has been appointed as the sole agent for the letting and sale of the remaining Cardiff Gate International Business Park owned assets by Cardiff Gate Business Park Ltd. The park was originally 100% owned and developed by Cardiff Gate Business Park Ltd and over the last 30 years various parts of the park have been developed and sold.
Strategically positioned at Junction 30 of the M4 motorway, the 100-acre park is a premier business destination. It features a diverse mix of small and large office developments, corporate headquarters, and high-profile car dealerships. The park is well-supported by on-site amenities, including a hotel, motorway services, restaurants, a supermarket, and childcare facilities. Notable office occupiers include Scottish & Southern Energy, Regus, Welsh Government and, most recently, Creditsafe.
The business park benefits from being adjacent to the established Cardiff Gate retail park and the Pontprennau residential estate with a new 2,500 unit residential development proposed to the West of the park.
JLL will manage the letting and sale of the remaining assets owned by Cardiff Gate Business Park Ltd, with the portfolio including a mix of let and vacant office buildings as well as approximately 20 acres of prime development land, presenting a significant opportunity for investors, occupiers, and developers.
Rhydian Morris of JLL commented, “Our team has a strong track record at Cardiff Gate, which includes the investment sale of the 35,000 sq ft Cardiff Audi dealership as well as the 50,000 sq ft Creditsafe occupier letting and subsequent investment sale of Ty Meridian. We are delighted to be the sole adviser to Cardiff Gate Business Park Ltd and given the quality and variety of available buildings and development sites, we are confident they will generate strong interest from the market.”