Jobs pledge for former MoD depot
Carmarthenshire council and R&A Properties have struck a deal for the site at Llangennech near Llanelli. They say they have already let a third of the 37-acre estate to a "blue chip" company that expects to employ 70 staff by the end of the year.
South Wales based R&A Properties said it would be investing £1.5m developing the site over the next six months.
The council acquired the site for R&A Properties just before it was about to be auctioned in March and the company has now bought it from them promising significant investment.
R&A bosses say the former depot, just a mile from the M4, offers prime office, warehousing and working facilities.
Company chairman Robert Lovering said: "We have moved quickly to secure this prime site, which will be known as the Stradey Park Business Centre.
"We believe this is a winning site and aim to regenerate this fantastic facility to make it an unsurpassed location for business in Wales. "
Council leader Meryl Gravell said the deal provided tremendous regeneration and employment opportunities. "R&A Properties have ambitious plans and are confident the business centre will build up a workforce of up to 400 jobs over the next few years," she said.
"This is excellent news for the local economy at a time when it is desperately needed."
For more info http://news.bbc.co.uk/1/hi/wales/south_west/8023473.stm
Labels: Jobs pledge for former MoD depot

