Major industrial park in South Wales under new ownership

Bridgend Industrial Park has been acquired

A major industrial park in South Wales is under new ownership.

Manchester-based David Samuel Properties has acquired Bridgend Industrial Park from Zurich Assurance.

The park, close to the M4, provides 300,000 sq ft of warehousing and industrial space with an additional 30 acres of development land. The estate is a mix of large standalone buildings with smaller estates together with ancillary retail and office space.

The park has a strong occupancy rate of 95%.

ACRE London acted on behalf Zurich with the Cardiff investment teams of Fletcher Morgan and Calan acting on behalf David Samuel Properties.

A spokesman for David Samuel Properties said: “This latest acquisition reflects our continued conviction in well-located industrial assets with strong tenant demand, attractive reversionary potential and resilient cashflows.

The value of the deal has not been disclosed.

David Samuel Properties oversees a portfolio of more than 1,200 units at 150 plus locations across the UK.

Moreover, four commercial property projects in North Wales are set to deliver new industrial and employment space with support from the Wales Commercial Property Fund, managed by the Development Bank of Wales.

Developments in Kinmel Bay, Conwy and Bangor have secured almost £7m from the fund, which will support the delivery of almost 67,000 sq ft of modern commercial space across 32 units.

The projects include new light industrial units at Tir Llwyd Enterprise Park in Kinmel Bay, flexible space at Conwy Morfa Enterprise Park, and two separate schemes at Parc Bryn Cegin in Bangor, one of Gwynedd’s strategic employment sites.

Deputy fund manager Claire Sedgwick and property development executive Rob Good supported K&C Group with the funding for Tir Llwyd Enterprise Park while senior property development executive Anna Bowen delivered the funding for Vectorex in Conwy along with Hillcliff Holdings and Lingar Holdings in Bangor.

Nicola Crocker, property fund manager at the Development Bank of Wales, said:“Across North Wales, we are seeing strong demand for modern, flexible commercial space and a pipeline of experienced developers ready to bring forward high-quality schemes.

“These four projects show how targeted funding can help unlock commercial developments that might otherwise struggle to proceed, creating the space businesses need to grow while supporting construction supply chains and strengthening local economies. From Kinmel Bay and Conwy to Bangor, this investment is helping create practical, high-quality employment space in locations where businesses want to operate.