news

27/1/18

Vengrove Completes £8m South Wales Distribution Centre Sale

Vengrove has completed the sale of South Wales Distribution Centre to M7 Real estate for £8,070,000.

South Wales Distribution Centre is situated between Swansea and Cardiff on the established Kenfig Industrial Estate. The facility has prominence to the M4 which runs adjacent to the site.

The 500,000 sq ft unit was acquired in 2015 for £2,000,000 and underwent a £2,500,000 refurbishment. Lettings to Bunzl and Amazon followed which resulted in a fully let scheme.