What due diligence was carried out ahead of the purchase of the Centre 7 building at Cardiff Gate Business Park?
Officials, through strong working relationships with indigenous semiconductor businesses and also inward investors in this sector, identified a lack of suitable premises with specialist facilities such as clean rooms near the Newport semiconductor cluster. This has hindered the growth of the sector and high-calibre investment opportunities have been lost.
To address this need, officials, over the last 18 months, have worked with businesses to understand their requirements, undertaken a thorough search of the commercial property market and employed technical building experts to confirm Centre 7’s suitability to accommodate businesses in the semiconductor sector.