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Newport Now BID Working with M4 Property Consultants

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Recognising the importance of attracting new retailers to the city centre and the difficulty that independent retailers can experience in identifying and securing suitable properties within the city centre, Newport Now Business Improvement District (BID) has appointed M4 Property Consultants to help address the issues.

The Newport-based commercial property agency has been tasked with working with new potential retailers to the city centre to help them identify, view, and negotiate for suitable properties, to bring their business to the city centre.

Newport Now BID chairman Zep Bellavia said, “We recognise that sometimes it can be difficult for retailers, particularly new start-ups, to be taken seriously and book viewings and put forward offers on vacant properties within the city centre.

We have therefore taken proactive steps to address this issue and help those potential businesses coming to the city centre.”

Dan Smith, of M4 Property Consultants, commented:

“We can work with these businesses, get to understand their requirements, help identify the right properties and liaise with the letting agents on their behalf to secure viewings and undertake negotiations.

We even offer to undertake initial viewings on behalf of other letting agents to save them the time in doing so.

Essentially, we are trying to make it as easy as possible for both the potential occupier and the landlord to come to an agreement, which will benefit all parties.”

The partnership has already successfully welcomed new businesses to the city centre. One such example is a personal training business who were looking to establish a new studio within Newport.

The enquiry was received by M4 Property Consultants who quickly achieved an understanding of their requirements and target market.

After considering several options, M4 put the company in contact with Loft Co – who are redeveloping Newport Market and were actively seeking ‘lifestyle’ businesses for their scheme.

A potential captive market of other occupiers in the building, as well as becoming a focal point of the city centre, were both key reasons why they decided to move ahead and take space within the redevelopment.

Other businesses that Newport Now BID, which represents more than 600 businesses in the city centre, are currently working with include an independent coffee shop, a café, and an arts and crafts shop.

Mr Bellavia said:

“It is positive to see that the scheme is already achieving results and proving instrumental in helping to bring new occupiers to the city centre.

“We are very keen to ensure that we continue to build on this success and would encourage other businesses considering coming to Newport City centre to contact Newport Now BID by emailing [email protected]. We are also widening the scheme to provide assistance to existing Newport Now BID members who may be considering relocating within the city centre, so they too are encouraged to get in contact.”

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Over the past 6 years, Rachel has been working specifically within the digital marketing space and has worked with some of the country’s top brands. During this time, Rachel was a key attribute to the success of our sister product, Recruitment Buzz, which has firmly established itself as one of the leading publications within the Recruitment sector. Drawing on her knowledge and experience, Rachel has developed a genuine understanding of how content can engage and compel an audience.

Having a passion for travel and culture, Rachel left her hometown of Cardiff to pursue studies and travel and after several years away, Rachel returned to Cardiff and firmly established herself within the development of Business News Wales. Rachel is now responsible for every aspect of web management, marketing and overall production of the Business News Wales brand.

Having learnt some invaluable skills within the marketing industry, Rachel is often called upon for her skills and knowledge of WordPress, HTML, email marketing software, Photoshop design and social media tools.

 

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