Company Profile

February 2006
Speculative Build Brings Boost to Business Park

Planning application is submitted for fourth phase of Celtic Springs Business Park, signalling ongoing confidence in Newport's jewel in its business Crown

Joint developers AWG Property Ltd and Broadhall Hampton Ltd have submitted a planning application for a new phase of development at Celtic Springs Business Park to Newport City Council, in a move that hopes to see three new premier office buildings on the site.

The move follows the lettings of the park's 54,000 sq ft flagship building, CS1000 to HM Prison Service and the pre letting of the development's third phase to Wales and West Utilities - a 35,513 sq ft building that is due for completion in June 2006.

Office village, CS5000 is also well underway with occupiers Integra Office Solutions and a new occupier expected to be signed shortly. Further investment is also being planned for the park's infrastructure and amenities.

Celtic Springs Business Park extends to 45 acres and is strategically located at the gateway of South East Wales, next to junction 28 of the M4 and offers high quality office accommodation ranging from 2,500 sq ft to 54,000 sq ft net within a natural parkland setting.

Iain Logue, Operations Director, AWG Properties Ltd said:

“We have submitted an application for a further 120,000 sq ft of superior office accommodation on the site that will be divided between two 35,000 buildings and one at 50,000 sq ft - making it ideal for a regional headquarters similar to our flagship building CS1000.

“As part of the application we have committed to speculatively developing CS3001 on a joint venture basis with our partners Broadhall Hampton and look forward to welcoming potential occupiers to the site in the near future.”

Robert Carew-Chaston, Hutchings and Thomas, acting as joint agent on the scheme with Knight Frank, said:

“The buildings will provide a striking entrance to the park and will be set overlooking the lake, with views across Newport and beyond. By advancing the building work on CS3001 we hope to offer a greater speed of completion for interested occupiers whilst still maintaining the superior quality of service that is our focus on the scheme as a whole. ”

Matthew Phillips, Knight Frank, said:

“All the buildings on Celtic Springs are designed and built to the highest quality, with particular attention paid to the finishing touches. We have recently ensured that the Wales and West building will feature some of the most state-of-the-art energy efficient techniques available and believe this personal attention to detail sets the park aside from most other business park developments.”

The £100 million Celtic Springs Business Park is a joint venture between and AWG Property and Broadhall Hampton Ltd, with partner Newport City Council.