Definitely Mabey

In one of the largest industrial deals in South Wales within the last decade, M4 Property Consultants were delighted to complete the sale of over 350,000 sq ft in Chepstow.

Formerly owned by Mabey Holdings and utilised by their former wind turbine business, the property is a modern high quality warehouse / industrial building with plentiful external space. The property is located on the well established Newhouse Farm Industrial Estate,close to the original Severn bridge in Chepstow.

M4 Property Consultants were appointed by Mabey Holdings Limited as joint agents for the sale of the property with GVA Cardiff. Dan Smith, director of M4 said, “We had already sold c. 44,000 sq ft of accommodation on the same estate on behalf of Mabey, to C M Downton Logistics.  The client was very pleased with the results we achieved for them with this property and as such we were given the opportunity to pitch for the instruction to the larger unit, which we were delighted to be awarded. We knew that with the size and quality of the building this would be a unique offering for south east Wales and were hopeful it would receive good demand from both distribution and manufacturing companies. Our local knowledge and contact base resulted in a number of interested parties very quickly and interest continued to be shown from regional and national occupiers. A significant proportion of this interest was from occupiers the other side of the bridge, due to proposed changes in the Severnbridge tolls and the lack of available units in north Bristol.  

AluK (UK) were selected as preferred bidder and went on to complete the purchase of t he property very quickly. They will be moving their UK head office from Celtic Way in Newport to the building to accommodate the growth of the company which designs and engineer aluminium building systems. AluK’s managing director Russell Yates said: “Our decision to come to this larger site in Chepstow is essential so we can keep growing.

Commenting on the importance of finding the right purchaser for the property, chief executive of Mabey Holdings Ltd,Juliette Stacey said: “We were determined to find a quality organisation committed to providing real, long-term investment in Chepstow, and in AluK we have found just that.” 

Dan Smith of M4 Property Consultants finished by saying “It’s great to see a local company expanding and providing more employment opportunities. This sale demonstrated the clear demand for large warehousing / industrial units in this area, which would provide even more jobs in the area. We only wish we had another 3 or 4 buildings the same as we could have sold them all!

To discuss the industrial property market in South Wales please do not hesitate to get in contact:-

Contact: 01633 740 740

Email: dan@m4pc.co.uk

Website: www.m4pc.co.uk