Bron Yr Aur Properties
Welsh commercial property developer transforms disused property
Cwmbran-based commercial property developer has transformed a disused office building into a state-of-the-art pharmaceutical lab with a seven-figure development loan.
Read time: 2 mins Added: 26/04/2022
Bron Yr Aur Properties specialises in purchasing and renovating run-down commercial space to be sold or rented out to landlords and tenants.
Neil Humphries, owner of Bron Yr Aur Properties, has refurbished it’s 30,000 square foot site in the centre of Cwmbran, which had been empty for almost 10 years, to create a new research lab for a global pharmaceutical company.
The site has been designed, developed and delivered by the specialist Laboratory Refurbishment firm Catalyst to meet the new tenant’s bespoke specifications. It includes a technical laboratory and office space, advanced mechanical ventilation systems and laboratory furniture, as well as new cladding, roof and windows.
Construction began on the site over two years ago and has been delayed by the coronavirus pandemic. More than 100 people have been involved in the project all under Catalyst and when finished the total expenditure on the project will be around £3.5 million.
Neil Humphries, owner of Bron Yr Aur Properties, said: “The building was in a state of disrepair when it was purchased, and it took real imagination and hard work to make our vision a reality. Collaboration has been key and we’ve worked closely with the incoming tenant to ensure it meets all their needs. We’re all immensely proud of the incredible transformation.
“This is by far the largest project I’ve ever undertaken and it was only possible with the guidance and support of Lloyds Bank. I have more exciting projects in the pipeline and I’m looking forward to having them by my side as these progress.”
Gareth Williams, real estate specialist relationship director said: “Neil has a burgeoning reputation and his latest project is another excellent example of his entrepreneurship. The creation of a new pharmaceutical lab in Cwmbran represents another important milestone in Wales’ ever-growing presence in global life sciences, which is a fantastic investment for the area and has created a number of jobs locally.
“We’ll continue to work with Neil and other ambitious businesses across the region to help boost the local economy as part of our ongoing commitment to helping Britain prosper.”