Major industrial property sale in South Wales
The largest speculative industrial unit in South Wales, plus 18 acres of development land for sale, has been bought by the Mabey Group of bridging and steel fabrication companies, for £13m.
The warehouse/distribution building is within the Newhouse Farm distribution park at Severn Crossing in Chepstow and comprises 182,506 sq ft of high-spec space.
Commercial property consultancy groups Lambert Smith Hampton and DTZ acted on behalf of Ciel Properties, which managed the landlord’s interests in the transaction.
