- Type of finance
- Business need
“The tailored and flexible funding from the Development Bank of Wales has enabled us to fully develop this site, having successfully filled the first two phases. We have already made good progress on this speculative development, and there will be an additional 12 units available to purchase or rent later in 2020.”
Work on the third phase of Glan yr Afon Industrial Estate in Aberystwyth started in January 2020 after developer Ellis Development secured the first investment from the Wales Commercial Property Fund.
Aberystwyth-based Ellis Development secured the loan to support the development of blocks five and six at Parc Melin, the third phase of the Glan yr Afon Industrial Estate in Aberystwyth. 12 units totalling 16,910 sq ft of speculative light industrial and commercial space will add to the existing 17 units, all of which have been sold or let with tenants including Greggs and Tool Station.
The Glan yr Afon development is the main trading estate in the area with a mix of modern, light industrial and warehouse occupiers and office users.