A 48-acre (19ha) site at Rassau Industrial Estate, South Wales, is on the market following the collapse of US energy giant Enron.
The Welsh Development Agency (WDA) is thought to be among the frontrunners to acquire the site, at Ebbw Vale, which has the capacity to provide several hundred thousand sq ft of industrial space, although there is currently little demand from occupiers.
The site, at which Enron had planned to build a power station, was placed in the hands of liquidators when Enron went bankrupt earlier this year.
Enron bought the site for an undisclosed sum four years ago, but was prevented from carrying out its plans by a government moratorium on gas-fired power stations.
PricewaterhouseCoopers, the liquidator of Rassau Power, a company within the Enron group, has appointed King Sturge to find a buyer for the site.
Of the site, 28 acres (11ha) is zoned for industrial development within the Blaenau Gwent Unitary Development Plan.
Local agents say that the site will have a sale price of £15,000-£20,000 per acre (£37,000-£49,000 per ha). Offers of more than £750,000 are being sought.
EGi News 15/10/02
