Pavillion Capital Partners has brokered a hat trick of deals creating some 150 jobs and bringing substantial investment capital to south Wales.
Wales and London based Pavillion Capital Partners, working on behalf of London clients Safegold Properties, has let substantial properties in Llantrisant, Porth and Newport.
Units 1&2 Llantrisant Business Park, a large production headquarters of 59,000 sq ft on a six acre site close to the Royal Mint, has been leased to juices firm Fruitapeel in a ten year deal worth £150,000 a year
Fruitapeel, which employs some 100 people locally, produces high quality fruit juices for blue chip customers such as British Airways and supermarket giant Sainsbury.
Pavillion has also brokered a deal for Howdens Joinery Ltd to take a 15 year lease from Safegold in Wattstown, near Porth, in the Rhondda.
The property, Unit 1, Select Industrial Park, is a detached trade centre facility. The initial annual rental is £49,500 a year.
Howdens has delivered an extensive fit out and improvements to the building. The business will create thirty new jobs and provide an important supply hub to the trade in the region.
In Newport Eurocarparts Ltd, Europe’s largest trade counter operator, has signed a ten year lease on unit 6 Leeway Industrial Estate, a property which is opposite the new Tesco at Newport Retail Park, Spytty.
The headline rental is £25,000 a year and the facility is trading busily and has delivered twenty new jobs to the area.
Glenn Haley said: “Fruitapeel has invested heavily in their site and shown a long term commitment to help boost the local economy. The company was supported by the Welsh Assembly Government.
“Altogether the trio of portfolio lettings has created 150 new jobs in south Wales, boosted Safegold’s income by £224,500 a year and enhanced capital returns of their portfolio.
“These transactions are very good news and have given a shot in the arm to the Welsh economy bringing employment, capital investment and prosperity to the region.
“Safegold has invested in Wales for the past 25 years and expects to make further significant acquisition announcements in the near future.”