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Capital and Regional pays £9.2m for Wrexham parcel

Capital and Regional Properties has acquired part of WrexhamIndustrial Estate for £9.2m from the Welsh Development Agency.

The acquisition comprises 91 units, providing 48,122 sq m (518,000 sq ft), of which 18,580 sq m (200,000 sq ft) in 30 units is currently vacant. The site includes 12.14ha (30 acres) of development land.

The company will fund the acquisition with a £6.4m loan from the Bank of Scotland and existing resources.

  • Financial Times 07/11/96 page 32

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