Local Developer Sells Bridgend Industrial Site for £8.5m
Local Developer Completes Sale of Bridgend Industrial Site
Gloucestershire-based property company Robert Hitchins has announced the completion of the sale of Phase 1 of its Central Park development in Bridgend, Wales. The fully-let 83,693 square foot industrial and trade counter scheme, which was guided at £8.5 million, extends across 6.2 acres and is located close to Junction 35 of the M4 motorway.
Details
The Central Park development comprises 12 high-quality industrial units occupied by tenants including PCI Pharma Services, Edmundson Electrical Ltd, and United Tooling Solutions. John Jones, Senior Asset & Development Manager at Robert Hitchins, said the transaction “completes the asset management strategy for the site which was originally acquired for redevelopment in 2006.”
Jones added that “Central Park is an excellent example of how we deliver best-in-class commercial space that supports business growth and brings skilled employment to the local economy.” Robert Hitchins continues to actively seek new investment and development opportunities across the region, having developed an 82,000 square foot warehouse for parcel operator Evri and a new 20,000 square foot MKM Building Supplies facility in Bridgend in 2024.
What You Need to Know
The sale of Central Park was handled by property agents Powell Lloyd and Knight Frank, with legal advice provided by Davies & Partners. Dan Evans, Director at Powell Lloyd, commented that both firms were “delighted to represent Robert Hitchins in this deal and we are pleased to achieve a successful outcome for our client in a challenging market.”