SWDC
Port Talbot, UK
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Acquisition Type:Investment
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Acquisition Date:2015
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Status:Sold
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Project:Multi-Let Industrial
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Building Age:1970’s
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Size:488,143 sq. ft
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Asset Class:Industrial
Highlights
- South Wales Distribution Centre (SWDC) consists of 49,000 sq.m. of warehousing and distribution space on the established Kenfig Industrial Estate. The facility is strategically located between Swansea and Cardiff, and enjoys prominence to the M4 which runs adjacent to the site. SWDC provides a cost-effective warehousing and distribution location, well situated to serve all of South Wales, the South West of England (via the M4 and M5 Motorway), and the Midlands via the A465 and M50 links.
- A former automotive component manufacturing plant, Westcore acquired the building from NAMA in 2014. The building was in a very poor state of repair, with 40% of the space vacant. Upon acquisition, Westcore commenced a £2.5 million refurbishment of the vacant space, together with an extensive marketing and leasing campaign. Following the refurbishment, Westcore leased all of the remaining vacant space to Bunzl UK and Amazon, a total of 14,000 sq.m.