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Business news from Wales
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Friar's Walk may miss Ryder Cup deadline

John Burrows, the chief executive of Newport Unlimited, has suggested the Friar's Walk project - the centrepiece of the city's regeneration plan - is unlikely to be open in time for the 2010 Ryder Cup, despite developer Modus recently receiving £25m from London-based Delph. Delays in getting work under way will mean the mixed-use development will not be ready in time for the golf tournament at the Celtic Manor. However, Burrows played down the importance of the event to Friar's Walk. "The Ryder Cup's bearing on it is irrelevant," he said. "In reality, people attending the tournament will not be coming into the town - they'll be ferried from park and ride sites." He added: "We've always maintained that we would like it to be completed by the time the Ryder Cup starts, but it's not a disaster if it isn't. But that's not to say I wouldn't want it to be open over summer 2010."

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Deals
Capital takes control of E2Mail

Capital Ideas has snapped up a controlling 50 per cent stake in Sussex email marketing company E2Mail for about £5,000, with an additional loan of £45,000. Capital Ideas has the option to buy the remaining 50 per cent of the business at any time. In addition, selected assets of London email marketing company Frankdata have also been acquired.

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Property and construction
Lambert Smith Hampton makes Coop sale
Lambert Smith Hampton has sold off 1-3 the Avenue in Llyn Hendy near Llanelli on behalf of the Cooperative Society. The freehold end-of-terrace property was sold to a local investor for £181,000. It comprises two ground-floor commercial units of 440 sq ft and 915 sq ft respectively, with a residential apartment on the upper floor. graphic
Cooke & Arkwright pick up Bridgend properties

Cooke & Arkwright has acquired new offices at Robert Hitchins’ speculative development Central Park, on Western Avenue in Bridgend. It has also sold the first two newly completed units of almost 5,000 sq ft to Cardiff-based Daydream Education. Another two 5,000 sq ft units have just been signed to Ebtek and two further units are under offer.

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People
Atter to grow Vale Healthcare

Vale Healthcare has appointed Tim Atter to the role of business director in preparation for the summer opening of its new clinic in Cardiff Bay. He will be responsible for helping chief executive Lis Neil to grow the company in South Wales and develop the Vale Healthcare brand in the sports medicine field. He will also be co-ordinating the medical care of the Cardiff Blues and is their senior physiotherapist. Atter played rugby professionally before he moved into sports medicine and has since worked for the Welsh Rugby Union and the Great Britain ice hockey team.

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Goodway appointed at Paramount

Russell Goodway has been appointed as the new business development director at Cardiff-based Paramount Office Interiors. Goodway will oversee business development generally, but has indicated that a major part of the company's forward plan will be to secure more public sector contracts and further expand the company's operations outside South Wales, including maximising any opportunities generated by the London Olympics.

 

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Myers and Pritchard move up

Knight Frank has made two promotions at its Cardiff logistics and industrial team. Owen Pritchard has been promoted to partner and Stephen Myers to associate. Myers joined Knight Frank in 2005 and works alongside Pritchard covering advice on single properties, development land, industrial estates and industrial portfolios.

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Companies and sectors
Work under way on climbing facility

Work is under way on a new £525,00 leisure facility on Newport Road, Cardiff. Boulders, which has investment from Finance Wales, will be one of the largest facilities of its kind in Wales. The new facility has also received equity investment from two business angels through Xénos, the Wales Business Angel Network. Boulders has received business advice from Cardiff independent chartered accountants BPU.

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Contour expands in Cwmbran

Contour Premium Aircraft Seating is expanding its operations in Cwmbran. The company, which developed the first flat bed for British Airways, is bringing some component manufacturing in-house and the expansion of activities will create 51 jobs. The investment has been supported by the Assembly with grant aid and will bring the total number employed at the site to nearly 900.

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Cardiff web event imminent


The third Cardiff Web Scene Meet Up takes place on Wednesday June 4th at 10 Feet Tall in Cardiff. The event is an opportunity for those involved in the web industry in South Wales to network. Matthew Cashmore, senior research producer for BBC Future Media & Technology, will be speaking at the event.

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