A 35,000 sq ft industrial unit in Cwmbran has been let to global label manufacturer Spear Europe Limited.

The company has taken space at Units 48-50 at Llantarnam Park in Cwmbran.

DTZ and joint agent, Hutchings & Thomas acted on behalf of Columbia Threadneedle Investments while JLL represented Spear who already have a facility at the estate.

The premises comprise three refurbished terrace units and will be used to expand Spear’s growing operation in South Wales.

An established industrial location, Llantarnam Park is located two miles south of Cwmbran town centre and benefits from strong road links to the M4 motorway.

Rob Ladd, director in DTZ’s Industrial agency team, said: “We are delighted to have helped facilitate Spear’s expansion close to their existing Cwmbran base. Spear recognised the quality of the fit out and we now have only one unit remaining on the estate, offering 11,880 sq ft of fully refurbished warehouse and office space.”

David Jones, of Newport-based Hutchings & Thomas Chartered Surveyors, said: “This letting underlines Llantarnam’s continued attraction as a location. Due to its popularity there is now limited availability on the well-liked business park. Not so long ago we had six units available but now with this recent deal just one, of 11,500 sq ft, remains."

Headquartered in the USA, Spear is the leading global supplier of pressure sensitive labels to the beer and beverage industry.