Page 23 - Business in Focus Annual Report 2017 v2

ANNU
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22 ANNUAL REPORT 2016-2017AL REPORT 2016-2017 BUSINESS IN FOCUS 23

PROPERTY

The Business in Focus Following many years of We now house more than The portfolio provides a An audit valuation was We expect the SME market to
Property portfolio continues development, the enviable 300 businesses across the considerable financial return completed during the year and continue to underpin the Welsh
to be a cornerstone for portfolio now comprises a entire portfolio, a growth in for the organisation and, with saw a growth in the overall economy and our aim is to
the organisation. total of 14 sites; 8 owned and number of over 25% in the our occupancy levels now portfolio value to £10,615,000, expand our capacity to provide
6 managed, stretching from last five years. This clearly steadily in excess of 97%, and we will maintain our it with quality accommodation
Newport to Swansea and to demonstrates our appetite to we have a model that can be investment to ensure our and support.
the Heads of the Valleys. support business through our developed. During 2016/17 premises continue to provide

During the financial year property portfolio as well as we conducted a review of our the right environment for
2016-17, we commenced our credentials as an effective banking facilities resulting in a ambitious growing businesses.
management of the Whitbread managing agent. change in bankers during 2017.
Enterprise Centre, Rhymney, Our tenants range from single This will enable us to make
a 22,000 sq ft site of mixed person businesses to large further investments in business
use business accommodation, national and international accommodation and provide
and a building in Newport companies employing incubation services for SMEs
comprising seven office suites. significant numbers of in Wales.
We anticipate occupancy to people. Our tenants are well
have grown to more than supported by our dedicated
50% of the floor area by and resourceful property team,
the end of 2017, which is a and receive all the benefits of
significant achievement from Business in Focus’ contracted
a standing start. Business Support services to
25
support their business goals. %

INCREASE
OCCUPANCY SITES TENANTS PORTFOLIO
2012 - 2017

8 OWNED 6 MANAGED VALUATION

97 % April 2016 March 2017 £10.6

294 301 million