A £1.5m refurbishment programme designed to provide 85,000 sq ft of industrial and warehouse space at Deeside Industrial Park has passed the halfway stage.
Work on the Zone 2 scheme (Z2), which comprises seven units ranging from 9,800 sq ft to 26,000 sq ft, began in April 2018 and is on target to complete by September 2018. So far, 35 per cent of the space has come under offer.
Legat Owen has confirmed that diagnostic specialist Reacta Biotech is to take a ten-year lease.
Martin Wickham, commercialisation manager at Reacta Biotech, said:
The opportunity at Z2 came at the perfect time for us as we needed to find a suitable manufacturing facility for our product, which has very specific requirements.
We had been struggling to find somewhere and building our own facility would have been expensive and would have set us back a few years. Moving to Z2 has meant we can be up and running within a few months so it has been like a golden ticket for us.
It has enabled us to move our business rapidly forward to the next level and being situated just down the road from our product development facility, means the location is ideal also.
Mark Diaper, associate director at Legat Owen, added:
It’s an exciting time to reach this milestone having already completed two key deals, with an additional two units under offer and strong interest in the remaining space in units from 3,500 sq ft to 26,000 sq ft.
The level of demand we have evidenced shows there remains genuine appetite for high quality refurbished stock in Deeside, which is in very short supply at the moment. It’s also a real bonus to have eight acres, 100,000 sq ft of design and build options available too in such a prominent location.
Occupiers at Deeside Industrial Park include Toyota, Convatec, Great Bear Distribution and Tata Steel.