We started as a property development business but, over time, our evolution has taken us down two roads. We own a property investment portfolio of over 1.5m sq ft centred around two principal assets, being the Newport Retail Park and Mamhilad Park Estate, which generate a substantial rental income. We are constantly seeking to improve and upgrade our investment portfolio to ensure that we maintain occupancy levels and provide good quality space at affordable levels. Our tenants range from main line retailers and leisure operators, through the public sector and to private businesses. The common theme is that we are user friendly, straightforward and work with our occupiers to provide the accommodation appropriate to their evolving business needs. This way we accommodate growing businesses as well as those who are contracting.
Our development property owns key sites in outstanding positions. We know our market place and have historically acquired strategically located land with potential to improve value through the planning and development process. Typically we buy green or brown field sites with potential to add value. We take the land through the planning process using both in house and external professional expertise with a view to either developing the sites ourselves against either pre-sales or pre-lettings or selling sites with planning consent to the national housebuilders with whom we work closely.