Gloucestershire-based Robert Hitchins Ltd has completed the sale of Phase 1 of Central Park on the Bridgend Industrial Estate to private investors.
The fully-let 83,693 sq ft industrial and trade counter scheme, guided at £8.5 million, extends across 6.2 acres and sits close to Junction 35 of the M4. It comprises 12 high-quality units occupied by tenants including PCI Pharma Services, Edmundson Electrical Ltd and United Tooling Solutions.
John Jones, Senior Asset & Development Manager at Robert Hitchins, said “The transaction completes the asset management strategy for the site which was originally acquired for re-development in 2006. Central Park is an excellent example of how we deliver best-in-class commercial space that supports business growth and brings skilled employment to the local economy. Robert Hitchins continues to actively seek new investment and develop opportunities across the region which create construction and longer-term employment opportunities.”
In 2024, the company developed an 82,000 sq ft warehouse for parcel operator Evri and a new 20,000 sq ft MKM Building Supplies at Bridgend which remain core holdings within RHL’s regional portfolio.
Powell Lloyd and Knight Frank acted as agents for Robert Hitchins on the disposal whilst legal advice was provided by Davies & Partners.
Dan Evans, Director at Powell Lloyd, commented: “Both Knight Frank and Powell Lloyd have been delighted to represent Robert Hitchins in this deal and we are pleased to achieve a successful outcome for our client in a challenging market. Robert Hitchins has developed and maintained Central Park to an exceptional standard which has supported strong occupier demand and a market leading rental tone for the area.”
