Port operator ABP has bought Neptune Works, a 190,000 sq ft former engineering works on a 10-acre site at the Port of Newport in Wales.
ABP owns 21 ports across England, Scotland and Wales. It already owns Newport Dock, which is the biggest general trading port in South Wales.
Knight Frank represented the seller.
The Neptune Engineering Works was established early in the 20th century and soon after became Braithwaite & Co, Neptune Works. It specialised in structural steelwork and continued to do so as part of the Rowecord group.
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