Cardiff Capital Region (CCR) has reappointed CBRE as fund adviser to its strategic premises fund (SPF).
Since its establishment in 2022, the SPF has invested in No.1 John Street in Cardiff, Central Park in Bridgend, the Pulse Plastics advanced recycling facility in Blaenau Gwent, the Uskmouth Battery Storage Facility in Newport, Crown Industrial Estate, Tredegar, Seren Studios and Ty Newport.
Together, these investments have supported 710,000 sq ft of employment space, leveraged more than £116m of private sector investment and generated £119m of development value.
CBRE will continue to advise CCR on investment origination, due diligence, transaction structuring and portfolio management as the fund enters its next phase.
Mike Brough, strategic director for regional growth at Cardiff Capital Region, said: “The success of the strategic premises fund during its initial deployment is a testament to the collaboration between CCR and CBRE, so we are delighted to reappoint them as our fund managers for another five years. It will be exciting to see how the fund evolves during this time and how we can continue to support companies, developers and investors to see South East Wales as an opportunity to build and expand their premises portfolio.”
George Richards, senior director, lending, at CBRE, added: “The strategic premises fund has helped unlock projects across South East Wales during a challenging period for development finance. We are proud of what has been achieved in partnership with Cardiff Capital Region and look forward to supporting the next phase of the fund’s growth.”
