FIREM devises £10m Peblig revamp
FI Real Estate Management wants to start demolishing out-of-date units at the Welsh industrial estate in September, replacing them with 38 new ones.
FIREM’s Peblig Industrial Estate straddles the River Seiont near Caernarfon’s town centre. The 13-acre site is filled with an assortment of “poor quality” warehouses that are not fit for purpose or able to be refurbished in an economical fashion, according to a planning statement by Plan Red.
FIREM’s solution is to demolish those units and replace them with five blocks of light industrial, manufacturing, and logistics space. These DMWR Architects-designed blocks would have a total of 41 units varying in size from 968 sq ft to 10,344 sq ft. They would all add up to 126,200 sq ft of employment floor space.
Not all of the £10m project will be new-build, however. FIREM’s project also includes 68,250 sq ft of refurbished industrial space for those buildings that can be modernised.
If FIREM can secure planning permission from Gwynedd County Council, the developer would also build a new internal circulation road and an improved bridge over the River Seiont to link one edge of the estate with the other.
Given the project’s proximity to the river, FIREM’s proposals include a flood compensation pond and a flood meadow to help keep the water at bay.
Access to Peblig is from Llanbeblig Road. Those driving to work on the revamped site would have access to 147 car parking spaces, including 15 that are designated for those with disabilities. There would also be 40 cycle spaces.
FIREM estimates that the Peblig overhaul would create 150 jobs in the long term.
The developer also stated that work on the project would complete 18 months after starting.
“Our redevelopment of Peblig Industrial Estate is a continuation of our ambition to create modern and much-improved industrial space that befits growing and successful businesses in North Wales,” said Tim Knowles, founder and managing director of FIREM.
The team for the Peblig project includes Wardell Armstrong, Prime Transport, United Environmental Services, and LDE.
You can learn more about the scheme by searching C22/0696/14/LL on Gwynedd County Council’s planning portal.