Cardiff's Swift Business Centre secures Laulax as new tenant7th August 2014

JLL has recently signed sock brand Laulax as a new tenant at the Swift Business Centre in Cardiff's Ocean Park.

A micro business, which currently employs three people, Laulax has taken a three-year lease on a 860 sq ft unit  and hopes to double in size over the next few years.

The business centre's other tenants include Balneo Bathrooms and vehicle parts supplier Spartan Motor Factors, which started with a 640 sq ft unit, but has since taken 2,020 sq ft of additional space.

Heather Lawrence, senior surveyor at sole agents JLL, said: “Swift Business Centre is the perfect place for small and start-up businesses. There is growing optimism in the market, which is encouraging entrepreneurs to take the plunge and giving smaller new businesses the confidence to expand.

“A majority of the units at the park come under the current Welsh Government’s policy on rates relief, so in most cases, companies here achieve a discount on their business rates, which of course is a huge bonus.”

Jack Liu, director at Laulax, said: “Fortunately for us, Swift Business Centre has everything we were looking for without having to break the bank. It is a great size space and has a large entrance suitable for big deliveries, which was one of our requirements.”