An extensive £2.25 million refurbishment programme at Cardiff’s Dominions Way has led to a raft of lease renewals from occupiers at the well-known trading estate.
St Bride’s Managers, the owner of the scheme, has refurbished and modernised two-thirds of Dominions Way, which was originally developed in the 1980s.
Working closely with the estate’s occupiers, the real estate investment management firm has adopted a phased approach that future-proofs the estate for the longer term. The scheme is being marketed by Knight Frank.
In conjunction with the refurbishment works, six of the estate’s occupiers committed to new leases. They include Wolseley, Smith Brothers Stores, LBS Builders Merchants, Europcar, and GSF.
Located on Newport Road to the east of Cardiff, Dominions Way provides high-quality industrial accommodation just two miles from the city centre. The recent renewals mean only two, terraced units are currently available at the site, each providing just under 5,000 sq. ft. of space.
Tim Burke-Murphy, fund manager at St Brides Managers, said: “We have been working closely with our occupiers at Dominions Way to plan these works around their lease events, ensuring they could continue to trade while improvements were underway. That has helped to rejuvenate the core of the estate, while retaining a really good mix of tenants. The improvements have future-proofed Dominions Way, and we plan to continue investing in the remainder of the estate to support our wider plans.”
Neil Francis, partner at Knight Frank Cardiff, added: “Dominions Way has always let really well and the refurbishment programme undertaken has transformed the estate into a premier city centre trade counter location. There is a dearth of high-quality space so close to Cardiff city centre and the remaining units represent a good opportunity to join an already solid line-up of occupiers.”
