Harbourside - Latest Plans

New plans unveiled for Harbourside Park

Neath Port Talbot Council and developer, Deryn Properties have today (13 December 2012) marked the latest milestone in the construction of the first phase of buildings at the £6.3 million R&D Village in Port Talbot's Harbourside area in South West Wales. The 42,000 sq ft high quality office and laboratory space is a key part of the successful first phase of the wider Harbourside Park development and is expected to accommodate up to 170 high-tech jobs in the town over the next year.

Harbourside

Alun Davies, Deputy Minister for European Programmes was invited to officially mark the occasion with a topping out ceremony involving the public-private project partners. Plans were also unveiled for further phases of the wider Harbourside Park development as the overall site has the capacity to accommodate an additional 75,000 sq/ft of development Future proposals will allow for further expansion and will allow for more like-minded companies to be located at the development.

Harbourside

The Deputy Minister's visit follows a £2.95 million award to Deryn Properties via the South West Wales Property Development Fund in January (2012). The Fund is backed by the European Regional Development Fund through the Welsh Government, providing financial assistance for the construction of buildings for industrial or commercial use. Led by Carmarthenshire County Council in partnership with City & County of Swansea, Neath Port Talbot County Borough Council, Pembrokeshire County Council and the Welsh Government, its main aim is to create new employment opportunities across key areas of the South West Wales region. This particular project has also been supported by substantial private sector funding from the Commercial Lending Department of the Principality Building Society.

The three two storey BREEAM 'Excellent' buildings, designed by Cardiff based, Rio Architects, are primarily devised to accommodate companies operating within the manufacturing, engineering and material sectors, sharing a 'state of the art' complex to help pioneer research and development. The construction works are being carried out by contractor, Sir Robert McAlpine and the development will be completed in June 2013.

Two major manufacturing businesses, Tata Steel UK Ltd and TWI Ltd, have already confirmed lettings for two of the three buildings, which will comprise research labs, meeting and conference rooms as well as quasi industrial areas for research testing. Only 8,500 sq ft of office now remains for speculative use with flexible lease opportunities available to accommodate future occupiers.

This latest milestone at the R&D Village and the unveiling of future phases for Harbourside Park marks an important step forward in Neath Port Talbot Council's wider Masterplan for Harbourside, a multi-million pound project regenerating the town's former docks area. With the £107 million EU-backed Peripheral Distributor Road, Harbour Way, expected to complete next autumn and confirmation from Welsh Government of £9.5 million funding for the redevelopment of Port Talbot Parkway station, the infrastructure and transport links required will soon be in place to attract further investment to the region.

Alun Davies, Deputy Minister for European Programmes, said: "Building the right infrastructure so that businesses can thrive is vital to creating a modern, competitive and sustainable economy. I am delighted that we have been able to utilise European funding to develop an enterprising environment which will help provide more job opportunities and prosperity for the benefit of people in the region. This project also demonstrates the Welsh Government's continued commitment to providing the capital investment that our economy needs to thrive."
 
Councillor Ali Thomas, Leader of Neath Port Talbot Council, said: "This is an exciting example of successful private-public sector partnership working. This development will bring forward high quality business space to generate quality job opportunities for Port Talbot and attract new inward investment.
"The Council's forward master planning for the area for road and rail infrastructure has already paid off with this investment. We can take confidence in this latest milestone and in the progress being made at Harbour Way and with Port Talbot Parkway station as we gear up for the start of another New Year.
"This is part of our wider regeneration strategy for the County Borough that will deliver new housing, leisure, retail, and education and business opportunities and help make the area an attractive place where people want to live, work and do business."

David Stacey, Managing Partner of Cardiff based developer, Deryn Properties, said: "We are delighted to be making this investment in Port Talbot and are very excited about the regeneration opportunities at Harbourside. This research and development campus will secure high quality employment for Neath Port Talbot County Borough and will attract further investment from like-minded companies.

For further information on the wider Harbourside project, visit http://www.npt-business.co.uk/