Politics

Ghost North Wales headquarters left empty after collapse of developer is taken on by new firm

The £1.3m headquarters left empty after a building contractor went bust has been taken on by a local company.

GM Jones moved into the new Llanrwst HQ in 2018 backed by £400,000 from the Wales Economic Fund but then ran into financial problems – falling into administration in March 2019.

Since then the two properties at Parc Ty Gwyn, Llanrwst, had been vacant.

But now Conwy based Pharma Group Holdings has acquired the sites.

Established in 2005 Pharma Group has interests in the healthcare, food and wellbeing sectors with production and warehousing facilities in Anglesey, Conwy and Pensarn, near Abergele.

The purchase of the Ty Gwyn units follows the recent acquisition of the North Wales Brewery Site where planning permission has been secured for a bottling and product development hub for the Group.

Pharma’s founder and managing director Rhys Owen said: “The Parc Ty Gwyn site is an ambitious investment for the Group providing expansion capacity for our own businesses as well as the possibility of generating rental income through attracting local businesses to occupy surplus office and warehouse space.”

Operations director Aron Owen added: “The Ty Gwyn units are constructed to of a very high standard and we look forward to bringing them back to life over the coming months.

“We are a local company trading Internationally with a track record of expanding organically and through acquisitions, Parc Ty Gwyn will play an important part in our future plans.”



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