Aircraft and engine aftermarket solutions provider AerFin has announced that St. Modwen Park, Newport, will be home to the company’s new headquarters from the end of 2024.

The company has signed a 10-year lease agreement for a new 115,000 sqft facility at the site in Wales which offers a custom-built space for enhanced aviation aftermarket services activities.

Activities include engine disassembly and MRO operations, as well as traditional warehousing and logistics.

AerFin says the move doubles its engine MRO capacity to around 200 quick-turn shop visits per year and expands its UK storage capacity by a third.

AerFin also says the 5,600 sqft of high-specification office space at the facility offers a modern, comfortable environment in which to drive the continued growth of the company’s global commercial operations with a superior employee experience that also delivers net zero carbon operations via reduced energy usage.

Simon Goodson, chief executive at AerFin, said: “We are pleased to commit to our new, global headquarters…this move will significantly enhance our operational capacity and position us well for continued expansion.

“We are collaborating with our selected contractors to ensure the space is fully functional by year-end to allow us to take advantage of the new facility’s unparalleled, advanced features.”

AerFin says its new HQ has been rated as ‘Excellent’ by BREEAM, the certification body for sustainable construction, and comes complete with an EPC A+ rating to demonstrate the building’s energy efficiency.

As well as offering 15% roof lights, reducing the need for artificial lighting throughout the day and creating a naturally bright environment for employees, it is hoped that 985 sqm rooftop solar PVs on the building will also contribute to savings of up to £59,000 a year.

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