News & Views - 2014
The latest news, events and insights in the Wales property world

Admiral House Newport sold to institutional RE investor for £20m

Admiral House Newport sold to institutional RE investor for £20m

Admiral Group's newly constructed primary office building in Newport has been sold to leading global Real Estate Investment Trust, W. P. Carey Inc for approximately £20m. The 83,000 sq ft…

Successful appeal of Millennium Stadium plc Business Rates

Successful appeal of Millennium Stadium plc Business Rates

It learnt that it had been successful with its appeal against the rateable value ascribed to the stadium, which is wholly owned by the Welsh Rugby Union, and will benefit…

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The disposal of 120,000 square feet on the Heads of the Valleys Industrial Estate was a particularly satisfying task. The building had been rebuilt following fire damage, and Jeremy Symons and his team were successful in identifying a nearby purchaser looking to expand. The sale price, at £4,000,000, represented a record sale price for a property of this nature in the area, and with great tenacity and endeavour was completed in a timely fashion. An excellent result.

Richard Hayward, Richard Hayward Properties