Author: Rhys Gregory

Savills, on behalf of VCD Asset Management, has completed the sale of Briscombe Retail Park to a local private property company for £1.35 million. The sale price reflected a net initial yield of 5.63%. The multi let retail park comprises 3,847 sq ft (357 sq m) of accommodation and is let to Greggs PLC and CVS Veterinary Group at a current passing rent of £80,680 per annum. Briscombe Retail Park is situated on the A4055 (Cardiff Rd) which is one of the main arterial roads into Barry. The Property is located within the coastal town of Barry in the Vale…

Business confidence in Wales increased by more than anywhere else in the UK during September, up 27 points to 46%, according to the latest Business Barometer from Lloyds Bank Commercial Banking. Companies in Wales reported higher confidence in their own business prospects month-on-month, up 26 points at 42%. When taken alongside their optimism in the economy, up 28 points to 50%, this gives a headline confidence reading of 46%. The Business Barometer questions 1,200 businesses monthly and provides early signals about UK economic trends both regionally and nationwide. This month’s survey was conducted before fuel disruption and ongoing supply chain issues tightened…

Hay Festival Winter Weekend returns with an ambitious programme for its first ticketed, in-person events in the UK for two years, bringing writers and readers together 24-28 November with a programme to inspire, examine and entertain. Over five days, more than 80 acclaimed writers and performers will take part, launching the best new fiction and non-fiction, interrogating some of the biggest issues of our time, and spreading joy with conversations, candle-lit storytelling, comedy, music, and family workshops. In-person events take place in a new Festival site in the centre of Hay-on-Wye against the stunning backdrop of the Brecon Beacons. Comprised…

A team of eight engineers have completed vital refurbishment work on one of Britain’s tallest anchor pylons on the Welsh side of the River Severn Crossing near Chepstow. Anchor pylons hold the tension in conductors, which are the wires that carry electricity. These wires span the River Severn, in a route which runs parallel to the old Severn Bridge that carries the M48 motorway. The Severn crossing is the longest overhead line river crossing in the UK, spanning nearly 2.5 miles across the River Wye and River Severn from anchor pylon to anchor pylon. The river crossing has four pylons…

A multi-million-pound investment has been confirmed for the South West Wales Cancer Centre at Swansea’s Singleton Hospital. The Welsh Government has approved a replacement linear accelerator, used for radiotherapy, at a cost of around £4 million. It will help the centre’s highly specialised staff continue to develop their pioneering work in tackling cancer – using techniques which would not have been possible just a few years ago. But it doesn’t stop there. Swansea Bay University Health Board wants to completely transform the way it delivers healthcare. Changing for the Future, the health board’s engagement about this, envisages a series of…

A fast-growing Welsh legal group has acquired a Bridgend-based solicitors firm, creating a combined business with 14 offices and 180 staff. Redkite Solicitors, one of the largest legal firms in Wales and the south-west, has acquired David & Snape, which has offices at South Street in Bridgend and Lias Road in Porthcawl. David & Snape, which has been trading since 1929, will now be able to offer increased specialism in its broad range of client services thanks to its incorporation into the Redkite group, including in the areas of litigation, contentious probate and employment law. The acquisition will also bring extra investment in…

Club Nova, the state-of-the-art fitness club in Prestatyn is taking members up a level with a new exclusive member bar and lounge area. With a delicious range of Costa, fruit juices and refreshing protein shakes, members are being offered an exclusive area to refuel, refresh and restore after workouts, from Monday, 11th October. Club Nova is a premium fitness suite, including top of the range, and exclusive to Denbighshire Leisure Ltd, Technogym fitness equipment, with the new Excite range. Also featured is a ‘strength’ zone, fully stocked Rig, functional area and ultramodern Tanita scales to help members reach their fitness…

Tramshed Tech were awarded Incubator/Accelerator of the Year at Fintech Wales Awards last Thursday, just one week prior to the start of their 2021 Startup Academy supported by Google for Startups. Twenty-nine startups have been accepted onto the twelve-week programme starting today designed to support entrepreneurs through the initial stages of building a business. The cohort will be provided with weekly workshops, peer-to-peer sessions, progress support and a large range of OnDemand video and written content. Tramshed Tech will also be leveraging their partners with Barclays Eagle Labs, the Accelerated Growth Programme, Geovation, and FinTech Wales, who will be engaged…

Leading independent insurance brokers Towergate Insurance Brokers has expanded its Welsh team with two new appointments. Andrew Davies joins Towergate Insurance Brokers as an Account Executive, bringing a wealth of industry experience from his time spent working as a branch manager. Discussing his new role, Andrew said: “Towergate is a thriving, vibrant business whose capabilities provide me with a great opportunity to continue to develop my career within the industry. “Their client-focused ethos complements my own values and their progressive plans to drive the business forward offers an exciting future. I look forward to building great relationships with new colleagues…

World renowned pianist Llyr Williams will headline a virtual concert at a top festival. The Wrexham-born maestro will perform works by Beethoven, Chopin and Schubert on a stunning new Steinway piano for the Wales International Piano Festival. It will be the first time the classical music star has appeared at the festival which is held every four years, organised by Canolfan Gerdd William Mathias (William Mathias Music Centre), Caernarfon. The event showcases recitals by outstanding professional musicians as well as hosting prestigious piano competitions – with prizes this year totalling nearly £10,000. Despite 18 months of logistical setbacks caused by…