Press Release
Senior Debt Facility from CBRE Lending to Revitalise Key Manufacturing Facility in South Wales
February 13, 2025
Media Contact
Head of External Communications
CBRE Lending, through its impact fund lending programme for Cardiff Capital Region (CCR), has provided a c.£6m loan to strategic join venture, NPH Red Oak, secured by a key manufacturing facility in Tredegar, Wales.
The 168,244 sq ft facility, a key manufacturing hub for a leading automotive filtration component manufacturer, requires significant environmental upgrades to remain viable. CBRE Lending’s Loan will support the joint venture between Hay Wain and NP Investment Management in its refurbishment of the site, which will be focused on improving the EPC of the premises and introducing on-site renewables in the form of rooftop solar and a TBC KW wind turbine.
CBRE Lending has its roots in impact fund lending, and so is particularly proud of the benefit to the region that is being achieved with this investment by the Cardiff Capital Region Strategic Premises Fund. The transaction demonstrates the value of strategic lending in job preservation, skills development and driving sustainable improvements- a core principle of CBRE Lending’s approach.
Cllr Andrew Morgan, Leader of Rhondda Cynon Taf County Borough Council and Portfolio Lead for the Strategic Premises Fund, said: “I am hugely encouraged that this Blaenau Gwent-based business is a recipient of our Strategic Premises Fund. A core commitment and priority of CCR is our drive for sustainable growth, job creation and talent retention within the region, and this investment delivers on all of these objectives. I look forward to seeing the Welsh arm of the global Purflux Group continue its growth and expansion journey.”
Cllr Stephen Thomas, Leader of Blaenau Gwent County Borough Council, further added: “We’re delighted to see how investments like this bring real long term economic benefits to Blaenau Gwent through job retention and apprenticeship opportunities which offer residents the chance to forge career pathways in unique and innovative businesses such as Purflux.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.co.uk.