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360 ONE’s Mayur Patel spots opportunities in 4 sectors for your FY27 portfolio

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360 ONE's Mayur Patel spots opportunities in 4 sectors for your FY27 portfolio
Financials, telecom, commercial vehicles and integrated solar manufacturing are sectors where Mayur Patel, President & Fund Manager – Listed Equity, 360 ONE Asset Management improving structural drivers are still not fully valued for their medium-long term earnings trajectory.

Edited excerpts from a chat on market outlook and investing strategy:

How do you assess the current market architecture, and where do you see the most compelling risk-reward opportunities over the next 12–18 months?
The macro architecture has improved materially. The Budget is behind us, the US-India trade deal is in place, and liquidity conditions have eased meaningfully. The RBI has delivered sizable rate cuts, system liquidity has shifted into surplus, and credit growth, after moderating to 9%-10% has rebounded to 13-14%, with scope for further acceleration. Income tax relief, GST rationalisation and the upcoming pay commission cycle should support disposable income and urban consumption.Externally, the capital account pressures that drove sustained rupee weakness are moderating. Trade agreements with key partners, including the US, UK, EU and UAE, have enhanced external trade visibility. US tariffs on India are competitive relative to Asian peers, restoring export viability. The recent US Supreme Court ruling challenging the executive authority of Trump’s administration behind sweeping tariff measures creates short-term policy uncertainty. However, for India, outcomes appear favourable either way. If the current ~18% tariff framework holds, India remains competitively positioned. If broader tariffs are rolled back, reduced global trade friction would benefit India and other export economies alike. A stabilising rupee, combined with improving trade terms, can revive foreign portfolio flows, potentially creating a virtuous cycle.

This backdrop supports a favourable medium to long-term risk-reward in domestic segments such as discretionary consumption, financials, manufacturing, and select capital goods. Export-oriented manufacturing presents an incremental opportunity.
Key risks remain crude price volatility, which could reintroduce macro pressures, and AI-led disruption within legacy IT services.
To what extent do you see AI-led disruption altering the competitive landscape for IT services?
AI is fundamentally altering the economic structure of IT services. Indian firms face genuine disruption risk in the absence of swift adaptation. The industry has navigated prior technology shifts, such as automation, cloud, and digital transformation, by incorporating change into its delivery model. This time it’s different because AI, particularly agentic workflows, targets the core effort-based revenue engine, including coding, testing, maintenance and support.
AI-driven coding assistants and autonomous agents now execute substantial portions of software development and increasingly manage legacy systems with greater precision. As enterprises integrate these tools within delivery frameworks, project cycles shorten, and pricing models shift toward outcomes rather than effort. During this transition, traditional revenue streams in application development, software engineering and parts of BPO could face meaningful pressure.

Valuations of several incumbents already imply muted long-term growth, reflecting scepticism about the durability of labour arbitrage-led delivery models. While this may appear conservative, valuation comfort alone is unlikely to drive a rerating. Incumbents anchored to legacy delivery models are more exposed, while challengers with stronger digital and AI native capabilities are better positioned to gain share. Companies must demonstrate that AI expands their addressable opportunity rather than simply compressing billable effort.

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The strategic risk is inertia. Firms that continue to rely primarily on scale, labour arbitrage and incremental automation may face structural margin and growth erosion. The winners will materially increase R&D, build proprietary AI platforms, shift toward outcome-based pricing and embed AI across every layer of delivery. Reinvention is possible, but the window to execute is narrowing.

What is your outlook on the energy transition theme, particularly in renewables and solar, and where do you see scalable, investible opportunities emerging?
India’s 500 GW renewable target by 2030, once seen as ambitious, now looks comfortably achievable if current momentum sustains. Solar additions have accelerated sharply, with ~30 GW added in 9MFY26, up from ~24 GW in FY25, bringing cumulative solar capacity to ~136 GW. At this pace, reaching ~280 GW of solar by 2030 appears well within reach.

Demand could surprise on the upside. Data centre capacity is expected to scale up multifold over the next five years, and green hydrogen could become an incremental structural driver of renewable power demand.

Solar remains central to the transition, growing significantly over the last five years, supported by strong corporate and industrial demand, solar pumps under PM KUSUM, and rooftop adoption under PM Surya Ghar. Penetration remains low across these segments. Around 11 lakh solar pumps have been installed so far, but nearly 80 lakh diesel pumps remain available for conversion. Continued budgetary allocation reinforces policy continuity.

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The most scalable investible opportunity lies in integrated solar manufacturing. A clear policy roadmap is driving phased indigenisation from modules to cells and, eventually, to wafers. Companies with proven cell efficiencies that are backward integrating into wafers and ingots, while expanding into batteries, inverters and allied electricals, can build durable competitive advantages. Integrated players with technology depth and cost leadership could enjoy a multi-year upcycle that extends beyond simple capacity-addition themes.

Which structural growth areas in India are still underappreciated by the market despite strong long-term fundamentals?
Several sectors with improving structural drivers are still not fully valued for their medium-long term earnings trajectory: financials, telecom, commercial vehicles and integrated solar manufacturing.

Financials: Bank earnings have been subdued due to slower credit growth, which moderated to ~9% before recovering to ~13–14%, along with margin compression during the declining interest rate cycle. With liquidity improving and the rate cycle nearing its end, margin pressures should ease, and credit growth is likely to re-accelerate. Private banks continue to trade at reasonable multiples relative to their ROE potential, while PSU banks, after sharp outperformance, offer a less favourable risk-reward.

Telecom: The sector has shifted from intense competition to a more stable three-player structure after government-backed relief enabled the third operator to stabilise. This materially changes industry economics. A rational three-player market creates room for calibrated tariff hikes, especially as prices remain significantly below global levels despite India’s world-leading data consumption of ~28 GB per user per month. Recent tariff increases have already improved margins and cash flows. In addition, 5G rollout requires network densification, supporting incremental tower demand and offering a structural growth lever for infrastructure players. Multiple catalysts are converging positioning the sector for a structural re-rating as durable profitability rise plays out

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Commercial Vehicles: Policy support, including the GST cut from 28% to 18%, has unlocked demand. Nearly half of the MHCV fleet comprises older vehicles, creating a sizeable replacement opportunity. About 53% of India’s 4.7 million MHCV fleet comprises older BS-III/IV vehicles offering a large replacement pool. OEM margins and ROEs are above prior-cycle peaks, yet valuations do not fully reflect the potential for a multi-year upcycle.

Integrated Solar Manufacturing: There are interesting mispriced opportunities in the Solar value chain. As localisation deepens across modules, cells and wafers, integrated players with technological depth and backward integration are positioned for sustained value creation, which is not yet fully captured in current valuations.

Are there segments where you believe the market narrative is stronger than underlying fundamentals?
Certain pockets of the market appear to be trading more on narrative strength than on fundamental earnings growth potential. In a few segments, expectations embedded in valuations seem ahead of the underlying growth trajectory.

Sectors such as FMCG and Defence stand out as areas where valuation appears rich relative to fundamentals, while Healthcare and IT services continue to grapple with growth uncertainties that may not be fully reflected in valuations.

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Demand trends in the FMCG space remain soft, with aggregate volumes expanding marginally. The anticipated rural rebound has been patchy, while urban consumption is increasingly value-conscious across several everyday categories. Given the long runway of distribution build-out and premiumisation already achieved, most staple segments such as home care and personal care are deeply penetrated, leaving limited headroom for meaningful volume-led expansion. Despite this tempered outlook, large FMCG names still trade at elevated earnings multiples, effectively discounting a reacceleration in profit growth that lacks clear near-term catalysts. Overall, the sector provides earnings resilience but limited upside surprise, and relative valuations appear demanding when benchmarked against sectors exhibiting stronger earnings momentum at similar or lower multiples.

Defence stocks have witnessed a sharp re-rating driven by indigenisation, higher capital outlay, and improving export momentum. The structural opportunity remains credible, with multi-year order visibility across key platforms. However, valuations in several names appear to factor in exponential order inflows, seamless execution, and sustained margin expansion simultaneously. While Tier-II players are seeing expanding addressable opportunities, their working capital cycles remain significantly stretched, making the model structurally capital intensive and often necessitating periodic equity raises, which can dilute returns and constrain value creation. Although the long-term runway is intact, parts of the sector appear priced for hyper-growth rather than calibrated execution, rendering the current risk-reward less compelling at prevailing multiples.

What differentiates a focused fund strategy in terms of alpha generation compared with a diversified approach?
A focused fund strategy differentiates itself through conviction and position sizing rather than wide diversification. Capped at a maximum of 30 stocks, alpha can be generated through deep bottom-up research and identifying businesses offering compelling risk-adjusted return potential whether driven by value dislocation, structural growth, or a blend of both independent of benchmark weights. The approach avoids benchmark hugging, remains sector-agnostic, and provides flexibility to allocate meaningful capital to high-conviction ideas, allowing winners to meaningfully influence portfolio outcomes.

Risk in such a concentrated portfolio can be managed by allocating capital across businesses with differentiated earnings drivers, even though perfect non-correlation is rarely achievable in practice. The objective is to avoid clustering exposure to a single macro variable or cycle. Strong position sizing discipline, continuous thesis review, and clear exit frameworks remain essential. Blending structural compounders, selective cyclicals, and defensives with varied cash-flow profiles can help moderate drawdowns while preserving the ability to generate outsized alpha.

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How do you see the risk-reward evolving in the small and midcap segments?
After a strong outperformance phase through CY23–24, small and midcaps entered CY25 with high expectations and crowded positioning. The correction since then has been sharper in the broader market: while the Nifty remains slightly below its September 2024 peak, the BSE Smallcap index is ~15% below its peak and the Midcap index ~6% lower. The earnings downgrade cycle that pressured sentiment over the past few quarters now appears to be easing, with most estimate cuts likely behind us across several segments.

Valuations now show a clear divergence. The Nifty trades near 3.5x price-to-book versus a long-term median of ~3.2x, implying only a modest premium. The midcap index still trades at a meaningful premium to its historical averages, leaving room for upside. In contrast, the smallcap index has corrected back toward historical median valuations after sharp price erosion in several pockets.

With earnings expectations reset, risk-reward appears more balanced in large caps and attractive in small caps, while midcaps remain relatively expensive on a risk-adjusted basis. That said, this is a broad market-cap view; ultimately, bottom-up stock selection driven by research determines portfolio risk-return outcomes.

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Short Lines Across Terminals as Travelers Enjoy Smooth Security on April 10

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Kuwait International Airport

NEW YORK — Security lines at John F. Kennedy International Airport moved briskly Friday morning, with most terminals reporting general TSA wait times under 20 minutes and TSA PreCheck lanes often clearing in five minutes or less, offering relief to spring travelers after weeks of volatile delays tied to staffing fluctuations and holiday surges.

Delta Air Lines planes are seen at John F. Kennedy International Airport on the July 4th weekend in Queens, New York City
Delta Air Lines planes are seen at John F. Kennedy International Airport on the July 4th weekend in Queens, New York City

As of mid-morning on April 10, the official JFK Airport website showed the following estimated wait times: Terminal 1 general screening at about 12-19 minutes with PreCheck around 5-11 minutes; Terminal 4 at 9-15 minutes general and 1-6 minutes PreCheck; Terminal 5 at 9-14 minutes general and 5-7 minutes PreCheck; Terminal 7 at 17 minutes general; and Terminal 8 at 24 minutes general with PreCheck at 7 minutes. These figures, updated around 11:25 a.m. ET, reflect real-time monitoring but come with the airport’s standard disclaimer that estimates are reliable only when lines stay within designated queue areas.

The relatively short waits contrast with earlier 2026 peaks, when spring break crowds and occasional TSA staffing issues pushed some lines to 45-60 minutes, particularly in Terminal 5, a major hub for JetBlue. On Easter Sunday, April 5, many terminals cleared general passengers in under 15 minutes, a trend that has carried into quieter mid-April days.

Port Authority of New York and New Jersey officials, who operate JFK, noted that TSA staffing has stabilized following a period of uncertainty earlier in the year. Travelers are still advised to arrive two hours before domestic flights and three hours before international ones, with extra buffer recommended during peak morning (5-9 a.m.) and evening (3-7 p.m.) rushes when waits can climb to 30-45 minutes.

Live trackers and third-party sites like TakeoffTimer and airline-specific dashboards reported similar conditions Friday, with overall airport averages hovering between 10-25 minutes for standard lanes. TSA PreCheck continued to deliver significant time savings, often under five minutes even when general lines stretched longer. CLEAR biometric lanes, available in several terminals, further expedited entry for enrolled members.

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Terminal 4, the largest and home to Delta, JetBlue international operations and many foreign carriers, consistently showed the shortest general waits in recent updates, sometimes dipping to single digits. Terminal 8, primarily American Airlines, occasionally recorded the longest lines but remained manageable Friday. Terminal 1 and Terminal 5, serving a mix of international and domestic flights, fell in the middle range.

Travelers on social media and Reddit’s r/JFKAirport echoed the positive reports, with recent posts describing 15-25 minute experiences in general lines and near-instant PreCheck clearance. One passenger flying Delta from Terminal 4 on Thursday afternoon reported clearing security in under 10 minutes with two children and luggage. Another noted a 35-minute wait in Terminal 8 during a busier evening slot earlier in the week.

The smoother flow comes after the airport temporarily suspended official wait-time reporting in March due to inaccuracies during high-volume periods and staffing shifts. Data resumed in early April, and officials say staff now monitor queues more actively to provide better estimates. The MyTSA app remains a useful tool for crowd-sourced updates from fellow passengers.

JFK handled more than 60 million passengers in 2025, making it one of the busiest U.S. gateways, especially for international travel to Europe, Asia and Latin America. Security remains the primary bottleneck for many, but Friday’s conditions suggested a return to more predictable operations amid lighter post-holiday traffic.

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Experts recommend several strategies to minimize delays. Enrolling in TSA PreCheck, which costs $78 for five years, allows eligible travelers to keep shoes, belts and light jackets on while using dedicated lanes. CLEAR, often bundled with airline status or credit cards, speeds up the initial ID check. Arriving early, packing liquids properly in a quart-sized bag and removing electronics in advance further smooths the process.

For international departures, additional time should be factored for customs and immigration on arrival, though outbound screening focuses on TSA. Passengers with disabilities or needing assistance can request expedited help through airlines or TSA Cares.

Weather and flight schedules also influence crowds. Friday’s forecast for the New York area called for mild spring conditions with no major disruptions expected, helping keep passenger volumes steady rather than compressed into narrow windows. Airlines reported normal operations with only routine delays unrelated to security.

TSA officials nationwide have emphasized that wait times fluctuate based on passenger volume, staffing and random additional screening measures. Unpredictable security protocols, including occasional pat-downs or bag checks, can add minutes even in short lines. The agency encourages downloading the MyTSA app for real-time alerts and prohibited-items guidance.

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JFK’s five terminals each operate independent checkpoints, so travelers should confirm their airline’s location in advance. Terminal 4 and Terminal 5 handle the heaviest loads, while Terminal 7 and parts of Terminal 1 serve fewer but still significant international routes.

As the busy summer travel season approaches, the Port Authority and TSA plan to maintain enhanced staffing where possible. Officials have urged passengers not to arrive excessively early if lines are short, to avoid congestion in pre-security areas, but stress that individual experiences vary.

For those flying out of JFK today or in coming days, current data points to a traveler-friendly environment compared with recent months. Still, checking the official JFK website or reliable trackers shortly before heading to the airport remains the best practice, as conditions can shift quickly with sudden surges or lane closures.

The airport continues investing in technology, including more automated screening lanes and biometric options, to reduce friction. In the meantime, Friday’s lighter lines offered a welcome breather for the millions who rely on JFK as their gateway to the world.

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Travelers are reminded to follow the 3-1-1 liquids rule, place laptops and large electronics in separate bins, and prepare for possible secondary screening. With waits mostly in the 10-25 minute range across terminals, many passengers reported having extra time for a coffee or last-minute shopping before boarding.

Whether heading to Europe on a red-eye or catching a domestic connection, today’s security experience at JFK appears far smoother than the longer delays seen during peak spring break weeks. As always at one of America’s busiest airports, a little preparation goes a long way toward stress-free travel.

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Cha Eun-woo Apologizes for 13 Billion Won Tax Burden After Paying Massive Bill Amid Fan Backlash

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Cha Eun-Woo

SEOUL, South Korea — K-pop star and actor Cha Eun-woo issued a personal apology Wednesday after settling a high-profile tax dispute with South Korea’s National Tax Service, confirming he has paid approximately 13 billion won ($8.7 million) following an initial assessment that exceeded 20 billion won and sparked widespread disappointment among fans.

Cha Eun-Woo

The 29-year-old Astro member, whose real name is Lee Dong-min, posted a lengthy statement on his personal Instagram on April 8, taking full responsibility for the controversy and expressing deep regret for causing “disappointment and confusion” to supporters who have backed him throughout his career.

“Although it is late, I would like to personally share my thoughts and position now,” Cha wrote. “I respect the procedures and findings of the National Tax Service, and to prevent any further confusion, I have fully paid the related taxes. I will also diligently comply with any remaining procedures.”

He added: “Above all, I feel most terrible and sorry for disappointing my fans, AROHA, who have trusted and supported me. Because I have been active thanks to the love and support of so many people, I am taking this matter even more seriously and deeply. If there was anything I failed to examine carefully enough, all responsibility lies with me. I will not evade this by saying I ‘didn’t know’ or that it was ‘someone else’s decision’ for any reason.”

The statement marked Cha’s second public comment on the issue. In late January, shortly after reports of the tax probe surfaced, he had issued an initial apology while serving mandatory military duty, pledging to accept the authorities’ final decision.

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The controversy erupted in January 2026 when Korean media reported that the Seoul Regional Tax Office had notified Cha of an additional tax assessment exceeding 20 billion won following an intensive audit conducted in the first half of 2025, before he enlisted in the military in July.

Authorities alleged that a significant portion of Cha’s earnings had been routed through a company established in October 2022 under his mother’s name. The National Tax Service determined the entity functioned primarily as a “paper company” with little genuine business activity, allowing income to be taxed at the lower corporate rate rather than the top personal income tax bracket of up to 45%. This arrangement allegedly reduced Cha’s overall tax burden by more than 20 percentage points.

The probe also examined his agency, Fantagio, which was ordered to pay 8.2 billion won in additional taxes last year. Tax officials reportedly summoned both Cha and his mother for questioning as part of the investigation.

On Thursday, April 9, Fantagio clarified to multiple outlets that while the initial assessment topped 20 billion won, overlapping payments in corporate and value-added taxes led to adjustments. The agency said an accountant informed them that Cha’s actual net burden after expected refunds would amount to about 13 billion won, which he has now paid in full.

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The payment and apology have done little to quell public criticism. Many netizens expressed disappointment that the response came months after the initial reports and questioned the sincerity of Cha’s “good boy” image, which had made him one of South Korea’s most beloved celebrities and lucrative endorsers.

Several major brands, including skincare line Abib and others, quietly removed or scaled back campaigns featuring Cha following the January revelations. Some videos on the National Defense Information Service’s YouTube channel starring the idol were also made private.

The case has drawn particular scrutiny because of Cha’s military service. A citizen petition filed Thursday with the Ministry of National Defense calls for a review of his assignment to the military band, arguing that his tax issues raise questions about his suitability for the role.

Cha’s representatives have emphasized that he accepted the National Tax Service’s findings without contest and paid promptly to resolve the matter. In his April 8 statement, he reflected on the incident as a moment for personal growth, saying it prompted him to “look back and deeply reflect on whether I have been sufficiently strict in fulfilling my duty to pay taxes as a citizen of the Republic of Korea.”

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The scandal represents one of the largest tax assessments ever reported against an individual South Korean entertainer. It highlights ongoing scrutiny of tax practices in the entertainment industry, where high earners sometimes use corporate structures or family entities to manage income.

Industry observers note that while many celebrities have faced tax probes in the past, the scale of Cha’s case and his previously untarnished reputation have amplified the backlash. Some fans have called for a second chance, citing his long history of charitable work and positive public image, while others demand stricter accountability.

Cha, who rose to fame as a member of Astro and gained massive popularity through dramas such as “True Beauty” and “A Good Day to Be a Dog,” has been one of the country’s top endorsers, appearing in campaigns for cosmetics, fashion and financial brands. His military enlistment in 2025 paused much of his entertainment activities, but the tax news emerged during his service.

As of Thursday, no criminal charges have been filed, and the matter appears resolved through the civil tax payment. The National Tax Service has not issued a public comment on the final settlement.

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Fantagio said Cha remains focused on completing his military duties and will return to activities with renewed commitment once discharged. The agency declined further comment on the tax details beyond confirming the payment.

Public reaction on social media remains mixed. Supporters have posted messages of encouragement, while critics have questioned whether the apology and payment are sufficient to restore trust. Hashtags related to the controversy trended briefly in Korea after the latest statements.

The episode serves as a reminder of the intense public expectations placed on Korean idols and actors, who often serve as national cultural ambassadors. Tax compliance has become a sensitive issue in the industry following several high-profile cases in recent years.

Cha’s fans, known as AROHA, have been urged by some community leaders to await further developments while others have expressed heartbreak over the tarnishing of his image.

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For now, the 29-year-old star has stepped back from public commentary beyond his written apology, letting his payment and promise of responsibility speak for the resolution of the financial side of the dispute.

Whether the public will forgive and forget remains to be seen as Cha completes his service and prepares for a comeback. In South Korea’s fiercely competitive entertainment landscape, reputation can be as valuable — and as fragile — as any financial asset.

As one fan commented online, “We loved the perfect image, but now we see he’s human too. The real test is what he does from here on.”

The coming months will determine if Cha Eun-woo can rebuild the trust that once made him a household name synonymous with charm and integrity.

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Amazon debuts Masters coverage, tournament’s fourth-ever media partner

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Amazon debuts Masters coverage, tournament's fourth-ever media partner

Key Points

  • Amazon Prime Video will have two hours of exclusive Masters coverage, from 1 p.m. ET to 3 p.m. ET, on Thursday and Friday.
  • Amazon will not have any tie-ins with its ecommerce business during the broadcast. Rather, it will adhere by the Masters’ strict broadcasting rules.
  • Amazon is only the fourth media partner in the Masters history, joining CBS, USA Network and ESPN.

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Central Bancompany stock hits all-time high at 25.52 USD

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Central Bancompany stock hits all-time high at 25.52 USD

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Rise in take up of large industrial space in Wales

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Research from Knight Frank shows a rise in the first quarter compared to 2025, but with take up down on the previous quarter

Computer generated image of the next phase of development at Indurent Park Newport.

Take up of large industrial space in Wales reached 344,882 sq ft in the first quarter of this year, shows new research from global property consultant Knight Frank.

The take up was around 50,000 sq ft higher than the same period last year, but down from the 675,000 sq ft achieved in the final quarter of 2025. Large units are defined as being more than 50,000 sq ft.

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Neil Francis, head of the Knight Frank’s industrial team based in Cardiff, said: ”The take up comprised two lettings and two sales, with the largest deal being the sale of the 111,000 sq ft former Liberty Steel facility in Tredegar which was sold to an existing South Wales based manufacturer which is going to use it for a second facility in the region.”

The second sale was the disposal of unit one at Hirwaun Industrial Estate to Welsh Government. The Cardiff Bay administration acquired a surplus distribution unit from Christmas cracker to stationery business IG Design Group in Hirwaun for £3.15m. It now plans to invest an additional sum of just over £6m to upgrade the building which spans 97,300 sq ft and includes six acres of development land. This will create new modern industrial space that will be marketed to attract inward investment as well as aiding local firms in their expansion.

READ MORE: BCRS Business Loans secures £20m mandate to back small firms in Wales and the MidlandsREAD MORE: Empty building in the centre of Newport to be transformed with 750 staff moving in

Mr Francis said: “A similar project has been undertaken at 120,000 sq ft in Tredegar by local investor Gevrey who acquired last year and have overclad the roof and refurbished internally. At the moment 60,000 sq ft is under offer and the remainder available to let.”

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According to the Knight Frank research availability of industrial stock in Wales now stands at 4.6 million sq ft – compared to 3.7 million sq ft at the end of 2025. The increase was impacted by the return to the market of the 900,000 sq ft former Wilko facility in Magor. It is understood that the property has been earmarked for a major data centre investment.

Mr Francis added: “Positively, we are finally seeing new build coming out of the ground with Indurent leading the way with 350,000 sq ft under construction at Indurent Park in Newport, offering units from 45,000 to 115,000 sq ft.

“This new space will start becoming available from Q4 2026 and there is good early interest. Once secured, the quoting rents will set new headlines in the region.”

Knight Frank said a 85,000 sq ft high-bay warehouse project at Blackwood Business Park in Caerphilly is close to completion.

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Mr Francis added: “The market can currently best be described as inconsistent, with the general levels of activity being better than the take up figures suggest. And with over 800,000 sq ft of space currently under offer to occupiers, Q2 will be a significant quarter for the market if legals progress successfully.”

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Annie’s introduces new macaroni and cheese varieties

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Annie’s introduces new macaroni and cheese varieties

Each contains 10 grams of protein per serving.

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Detroit coalition offers up to $15K to attract residents, entrepreneurs

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Detroit coalition offers up to $15K to attract residents, entrepreneurs

A Detroit coalition is rolling out cash incentives of up to $15,000 to attract new residents and retain current ones, as part of a broader push to spur economic growth in the city.

The program, dubbed “Make Detroit Home,” will award more than $500,000 in benefits to over 300 participants, according to the MoveDetroit coalition, which launched the program. These include entrepreneurs, creatives, and small business owners, as well as current residents, former Detroiters and newcomers willing to relocate.

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The initiative offers stipends of up to $15,000 to help cover home down payments, renovations, rent or business expenses, according to Realtor.com.

Additional applicants may qualify for $1,000 grants to offset moving costs, security deposits and expenses such as gym memberships or meal services.

downtown Detroit

An aerial view of downtown Detroit, Michigan. (iStock / iStock)

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“This stipend is a clear signal that Detroit is serious about competing for residents and the data backs up why it’s an attractive proposition,” Hannah Jones, Realtor.com senior economic research analyst, told FOX Business in an email. 

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“Detroit consistently ranks among the most affordable major metros in the country, where a $15,000 incentive can realistically cover a down payment or fund a meaningful renovation, rather than barely scratching the surface as it might in higher-cost markets.”

Jones added that pairing that purchasing power with the city’s growing momentum could help drive “household formation and long-term market stability.”

STEELMAKER TO LAY OFF 600 EMPLOYEES AT MICHIGAN PLANT DUE TO WEAK AUTO DEMAND

Dan Gilbert

Billionaire businessman Dan Gilbert talks during a press conference on May 21, 2019, in Independence, Ohio.  (Jason Miller/Getty Images)

The “Make Detroit Home” initiative marks the first major effort from the MoveDetroit coalition, a nonprofit launched last month with backing from local organizations and the mayor’s office.

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Billionaire businessman and Rocket Mortgage founder Dan Gilbert is the honorary chair of the group.

“For too long, we’ve been educating some of the most talented young people in the country, only to watch them leave to places like New York City, Atlanta, California, Seattle, Miami, and elsewhere,” Gilbert said. “At our largest universities, we are losing nearly half our graduates. But today, we’re flipping that equation.”

Gilbert pointed to Detroit’s growing roster of major employers, including Google and Fifth Third Bank, as part of the city’s appeal.

BILLIONAIRES AND BUSINESSES FUEL GROWING EXODUS FROM BLUE STATES

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Google office building in Detroit

Google office building in Detroit, Michigan on Sept. 27, 2019.  (Raymond Boyd/Getty Images)

The initiative is privately funded, with MoveDetroit aiming to raise $10 million this year. Gilbert has pledged to match every dollar raised, according to Realtor.com.

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“Detroit is a place where you build, grow, and win,” Gilbert said. “This city has the grit and assets to compete with anywhere in the country for talent. People are choosing Detroit for its culture, energy and opportunity. MoveDetroit is about numerous organizations coming together to double down, ensuring that Detroit accelerates its growth even further.”

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Review: Singapore keeps raising the bar

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Review: Singapore keeps raising the bar

REVIEW: The industrious island nation to our north has produced one of aviation’s great innovation stories.

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Oil price surges towards $100 as Middle East ceasefire begins to unravel

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Oil price surges towards $100 as Middle East ceasefire begins to unravel

The brief sigh of relief across global markets lasted barely a day. Brent crude climbed sharply back towards $100 a barrel on Thursday after Iran moved to close the Strait of Hormuz, sending a clear signal that the fragile Middle East ceasefire was already fracturing.

The benchmark was trading at $98.61 a barrel in early afternoon dealing, a rise of 4 per cent, having fallen as much as 16 per cent the previous day to below $91 on optimism that a two-week pause in hostilities might pave the way for a lasting peace. That optimism now looks badly misplaced.

Iran’s decision to shut the strait, through which roughly a fifth of the world’s oil and gas passes, came in direct response to Israeli airstrikes on Hezbollah targets in Lebanon, which Tehran condemned as a breach of the ceasefire agreement. It is a move that strikes at the heart of global energy security and one that will alarm policymakers and business leaders in equal measure.

Sultan Al Jaber, chief executive of Abu Dhabi’s state oil company Adnoc, did not mince his words. He made clear that Iran was using passage through the waterway as a tool of political leverage rather than respecting freedom of navigation, a distinction that matters enormously for businesses dependent on uninterrupted supply chains.

Nigel Green, chief executive of the financial advisory group deVere, echoed those concerns, pointing out that a fifth of the world’s oil supply continues to move through a corridor effectively controlled by one of the belligerents. For SMEs already grappling with elevated energy costs, it is a deeply uncomfortable position.

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Stock markets reflected the souring mood. The FTSE 100, which had enjoyed its strongest single session since April 2025 with a 2.5 per cent gain on Wednesday, gave back 0.2 per cent to trade at 10,585. On the continent, Germany’s DAX shed 1.4 per cent and France’s CAC 40 fell 0.7 per cent. Across Asia, Japan’s Nikkei, South Korea’s Kospi and China’s SSE Composite all closed lower.

Wall Street, which had rallied sharply overnight with the S&P 500 up 2.5 per cent and the Dow Jones gaining nearly 3 per cent, was expected to open in the red.

President Trump weighed in on social media, confirming that American forces would remain deployed in the Gulf until an agreement was both reached and honoured, warning of severe consequences should it not be.

Meanwhile, Israel intensified its military campaign in Lebanon with its heaviest strikes since the conflict with the Iran-backed Hezbollah militia escalated last month, with more than 250 reported killed.

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For British businesses, particularly those in manufacturing, logistics and any sector exposed to energy pricing, the message is stark. The ceasefire may have offered a momentary respite, but the underlying volatility in the Middle East, and its direct bearing on the cost of doing business, is far from resolved. With Brent hovering just shy of triple figures, boardrooms across the country will be revisiting their hedging strategies and bracing for what could be a prolonged period of uncertainty.


Jamie Young

Jamie Young

Jamie is Senior Reporter at Business Matters, bringing over a decade of experience in UK SME business reporting.
Jamie holds a degree in Business Administration and regularly participates in industry conferences and workshops.

When not reporting on the latest business developments, Jamie is passionate about mentoring up-and-coming journalists and entrepreneurs to inspire the next generation of business leaders.

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Form 13F Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. For: 9 April

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Form 13F Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. For: 9 April

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