In May 2010, we were pleased to announce that we had submitted and obtained a planning consent for two developments totalling 110,000 square feet at the 120 acre strategic employment and regeneration site, Parc Cybi, on the outskirts of Holyhead in Anglesey. The development will consist of distribution and warehousing space for the transport operators who use Holyhead port and provide facilities not currently available to commercial users of the port. We have secured a three year option on the site from the Welsh Assembly Government and are now undertaking marketing of the site to potential tenants with a particular focus on the logistics industry. The development is expected to create 450 jobs and discussions are taking place with the Welsh Assembly Government and the Wales European Funding Office to determine what funding options might be available to the Group. In addition, the new Government has reaffirmed the commitment to build the proposed nuclear reactor at Wylfa, Anglesey, which will bring enormous benefit to the port and many opportunities for our Parc Cybi project. Holyhead is the second largest trailer port in the UK with over 350,000 crossings per annum and currently it has no warehousing or support for the logistics industry, so the opportunity to benefit from this is, in our view, quite clear.
For further information, please see our i-brochure here.