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.
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