Alder King has recently been appointed joint agents with Charnwood Group for the new £60m Wales 1 business park in South Wales. When completed the 17 acre development will comprise of nine three-storey buildings which will contain 264,000 sq ft of office space.

Wales 1 will be located immediately adjacent to the M4 at Magor and there are plans for a dedicated bus service which will serve Newport and Bristol train station. Work on the first of the nine buildings has already started and is due to complete by March 2009

Wales 1 has been designed to provide sustainable office buildings, which the developer hsaid will be the first of its kind in South Wales. Charnwood expects the sustainable features of the development to reduce the day to day running costs and be an attractive advantage for occupiers.

Owen Young, partner at Alder King, said: “Occupier and legislative trends show that environmentally friendly developments are the future. Business parks like Wales 1 are leading the way, incorporating the latest advances to reduce the schemes carbon footprint. Hopefully this development will be the first of many for South Wales.”