In one of the largest industrial lettings in South Wales in recent years, Trojan Electronics has taken a 15 year lease on 156,000 sq ft in the Kings Dock Building, located off Fabian Way, east of Swansea, from clients of asset managers Richard Hayward Properties.
The 180,000 sq ft Kings Dock Building is part of RHP’s planned regeneration of 45-acres of the former Visteon Works site, which is ideally located close to junction 42 of the M4, adjacent to Amazon’s 800,000 sq ft distribution centre and across the road Swansea University’s new Bay Campus.
The building is to be refurbished to create a bespoke facility for Trojan including 17,000 sq ft of air-conditioned offices as well as large production facility and service yard with 6 dock levellers.
RHP has also been granted consent by Neath Port Talbot Council for parking for 240 cars, landscaping and a new access road.
The project attracted a £2.1million, two-part support package from the Welsh Government, with a £1.5m property development grant to RHP for the refurbishment of the building and £625,000 of business finance to Trojan towards the fitting out of its new HQ.
Refurbishment work starts immediately and it is anticipated that Trojan will take occupation early in 2015.