Global engineering company Renishaw is to submit plans for a 2m sq ft development in South Wales.
The company wants to transform a 190 acre site in Mishin, near Cardiff, for use as a 1m sq ft warehouse and a business park.
Renishaw bought the site – which includes a 461,000 sq ft facility – from Robert Bosch in September 2011 and it was allocated as a strategic employment area by the Vale of Glamorgan Council earlier this year.
The company will occupy 47 acres of the site and plans to sell the remaining 153 acres to fund further expansion on the retained land.
The business park will be targeted at engineering and logistics firms and their supply chains and could include manufacturing, research and development, office and distribution space.
Renishaw has recently refurbished 68,500 sq ft of the existing space and it commenced manufacturing at the site in May 2012.
It plans to build a further 400,000 sq ft of manufacturing, research and development facilities.
Barton Willmore, BWB Consulting and Cresswells are advising on the scheme.
Barton Willmore associate planner Joanne Russell said: “This site has huge potential. Renishaw has already made a major commitment to South Wales and this proposed development could create many hundreds of jobs for local people, both in construction and the resulting new business ventures.”
jack.sidders@estatesgazette.com
