PONTYPOOL-BASED property development and investment business Johnsey Estates has raised £16 million to refinance previous debt facilities and provide working capital for the company’s key development sites, including Mamhilad Park Estate. With more than 180 occupiers on site, Mamhilad Park Estate offers 1.5 million square feet of office and industrial space, including the former Grade II-listed Nylon Spinners complex. It was purchased by Johnsey Estates in 1986 and is now home to some 1,800 people spanning a diverse range of sectors including professional services, warehousing, distribution and the public sector. The £16 million loan from Lloyds Bank will be used to ensure the long-term sustainable development of Mamhilad Park Estate with Johnsey Estates continuing to work with Torfaen County Borough Council to progress the development of an urban village alongside the existing buildings on site.