Leading commercial real estate firm, FI Real Estate Management (FIREM), has appointed joint agents to market two major new employment sites at its Wrexham Industrial Estate.
Cushman & Wakefield, Legat Owen and B8 Real Estate have taken to market design and build opportunities for the one million sq ft Wrexham 1M and 150,000 sq ft Wrexham 152 industrial and logistics schemes.
Upon completion Wrexham 1M is set to create 1,000 jobs and act as a catalyst for significant economic growth in the region. Over the last two decades FIREM has invested more than £136m in Wrexham Industrial Estate - the second largest industrial estate in the Ƶ.
Cushman & Wakefield, Legat Owen and B8 Real Estate have been appointed to search for occupiers for the two sites, which come under the Flintshire and Wrexham advanced manufacturing investment zone,
Through the Ƶ Government backed investment zone, Wrexham 1M is expected to deliver up to £27m in savings over the first five years of occupation, while Wrexham 152 will provide up to £4m in savings over the same period. These savings will be realised through tax relief, business rate discounts, and reduced regulatory barriers.
The overall zone, which went live in April, aims to attract £1bn of private sector investment and create 6,000 new jobs.
Wrexham 1M and Wrexham 152 are being brought forward by FI Developments, with enabling works already underway. Wrexham Industrial Estate is home to over 340 businesses, including national occupiers JCB, Kellogg’s, and Very Group.
Tim Knowles, managing director and Founder of FIREM said: “Wrexham 1M is a landmark addition to our portfolio, expanding our industrial estate footprint in Wrexham to over 3.1m sq ft. Its strategic location offers a tailored solution for companies looking to scale up or establish their presence in North Wales.
“Since establishing our own presence in Wrexham 20 years ago, our investment in the area has surpassed £136 million, demonstrating our real dedication to the region’s growth and economic resilience.
“Future occupiers will benefit from being in the newly created Flintshire and Wrexham investment zone, spearheading he region’s transformation as a globally significant advanced manufacturing cluster for north east Wales over the course of the next decade.”
