The first Benchmarx Kitchens and Joinery branch in Cardiff is opening at Regent Trade Park on Ocean Way as agents Knight Frank & Bilfinger GVA negotiate a double deal at the estate with a further letting to MODFIX.
Established in 2006, Benchmarx is a trade-only kitchen specialist with 110 branches across the UK and is a member company of Travis Perkins plc. Modfix specialises in the supply of fixings and power tools to the construction industry and relocate across the City.
Property consultancies Knight Frank and Bilfinger GVA advised landlord CBRE Global Investors on the transaction, to lease the 4,950 sq ft Unit 6 to the Travis Perkins Group on a 10 year lease. Modfix has acquired Unit 11 on the estate on a similar basis.
Regent Trade Park is a high profile prominent development, providing 12 quality units. Other occupiers include Euro Car Parts Ltd, Greggs, Tool Station and The Word.
Neil Francis, who heads the Knight Frank Industrial agency team in Cardiff, said: “Unit 6 has been fully refurbished by the landlord and its quality glazed frontage, roadside prominence and excellent location were all factors in the deal.
“The investment programme by the landlord is enabling headline rents to be achieved at Regent Trade Park – among the highest industrial rents in Cardiff.”
Tom Merrifield, Head of Agency at Bilfinger GVA’s Cardiff office said: “These two lettings signal a return of the trade counter market following a number of years of restricted growth. Improvements in the residential construction market have led to good quality occupiers seeking prominent well located space and Regent Trade Park continues to fulfill the requirements of this sector of the commercial market place. There remains one vacant unit at the Park and with discussions ongoing we anticipate further occupation in the very near future.”