An industrial estate in Caernarfon is set to be transformed as part of a large demolition and rebuild project.

FI Real Estate Management (FIREM), one of the largest industrial land owners in North Wales, is advancing plans to redevelop Peblig Industrial Estate to create 38 new units for light industrial, manufacturing and logistics use and the refurbishment of a further 68,250 sq ft.  

FIREM has been working closely with Gwynedd County Council on a planning application that would see the demolition of the ageing units and the construction of modern, fit-for-purpose industrial space in its place. 

Existing businesses relocated from the blocks targeted for demolition to newer units on the site adjacent to the Afon Seiont river. 

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The proposed £10million redevelopment of Peblig Industrial Estate brings FIREM’s total investment in North Wales to over £160million.

FIREM is hoping to start on site in September with the redevelopment expected to be complete in approximately 18 months.

FIREM will be working with Gwynedd Council and local employment agencies to maximise local employment and supply chain opportunities.  

Tim Knowles, founder and managing director of FI Real Estate Management, said: “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.”