Archives
Feature, Freight News, Sea
Expanding Newport buys former steel site
[ September 10, 2018 // Chris ]ABP South Wales has purchased a 10 acre site next to the east gate at its Port of Newport to expand its port-centric manufacturing operations as well as increasing storage capacity for existing customers.
The sale of the Neptune Works, most recently used by AIC Steel, is believed to be the largest industrial property sale in South Wales so far this year.
ABP South Wales head of property, Rhys Morgan, said the site’s size, height of access, cranes and yard space made it attractive for plant and engineering works for some of the major infrastructure projects under way in South Wales and across the South West, such as Hinkley Point .
He said: “The Neptune Works lies adjacent to the northernmost part of the port and its acquisition makes perfect sense – either to enhance access to the port, enable us to expand by adding good quality storage accommodation or by letting it to a third party.
ABP Newport had been threatened by plans to build a new M4 relief road across its operational area, but earlier this year the Welsh Government put forward a package of measures to mitigate its effects, including provision of new buildings for firms operating in the port and developing the south dock as an alternative to the north dock.
