Property investment group Newport Holdings has extended its activities in South Wales with the purchase of a 7.69ha (19-acre) industrial development in Gwent.
Newport paid £965,000 for the freehold of the site, which comprises 12,540 sq m (135,000 sq ft) of industrial buildings and offices, formerly used to produce computer tape.
The company said the properties will be refurbished and let at rents totalling in excess of £200,000 pa.
EGi News 31/05/01
