Property and asset management company, FI Real Estate Management (FIREM), has announced that its Rassau Industrial Estate units in Blaenau Gwent are now fully let, following growing demand for industrial space in South Wales.
A 20-year deal with global adhesive systems specialist and laminate and insulation manufacturer, GTS Flexible Materials, demonstrates the popularity of the Ebbw Vale estate, which is a 22-minute drive from the M4.
The company has also recently welcomed scaffolding, decking and noise barrier manufacturer, Artemas Joseph Holdings, to the estate under a 10-year lease agreement.
FIREM has seen interest in the estate grow steadily since work commenced to convert the A465 Heads of the Valleys road, which runs alongside the estate, into a dual carriageway. The £336m project began in 2014 and will see the five-mile stretch of road between Brynmawr and Gilwern widened to improve connectivity and reduce journey times.
Blaenau Gwent County Borough Council also confirmed in June that a further £3m worth of improvements will be made to the road network across the local authority area.
The unprecedented demand for space has prompted FIREM to begin planning the design and build of a number of new industrial and warehouse units in South Wales.
A spokesperson for FI Real Estate Management commented:
“As occupancy starts to bounce back in other markets, interest in the industrial sector is only rising further following a solid performance throughout the pandemic.
“We’re seeing growing demand for quality units across our portfolio in South Wales, no doubt prompted further by the investment in the area’s transport infrastructure in recent years.
“The new deals with GTS Flexible Materials and Artemas Joseph Holdings are testament to this and we’re pleased to be part of their ongoing success.”
For more information on commercial, industrial and storage spaces available to let in South Wales, contact the Business Development Team at FI Real Estate Management on 01257 263 010 or via enquiries@fi-rem.com.
