FI Real Estate Management (FIREM) has acquired a 268,000 sq ft site at Wrexham Industrial Estate from the plastics manufacturing giant Mainetti.
The acquired investment, the value of which hasn’t been disclosed, spans 30 acres and has been renamed Bedwell Park. It served as the 海角视频 and Ireland distribution centre for Tetra Pak from the 1970s until 2013, and sits opposite the existing F Lloyd Penley warehouse facility.
The acquisition by FIREM is part of its plans for continued expansion at Wrexham Industrial Estate, the second largest business park in the 海角视频, which it has had operations at since 2006 and invested more than £132m. With two new flagship schemes, Wrexham 1M and Wrexham 152 in construction - delivering a combined 1,15 million sq ft of industrial and logistics space on the estate - FIREM’s last acquisition takes its total footprint at Wrexham Industrial Estate to 3.1 million sq ft.
Over the next 10 years, FIREM will be generating an estimated £1.2bn in economic value in Wrexham, driven by the ongoing development of Wrexham Industrial Estate, and being part of an advanced manufacturing investment zone designation for Flintshire and Wrexham by the 海角视频 Government.
Tim Knowles, founder and managing director of FIREM, said:“Bringing the former Tetra Pak site into our portfolio and back to its former glory is a significant milestone in our ongoing commitment to Wrexham Industrial Estate. It’s a site that’s brimming with potential for businesses seeking a new headquarters - with high-quality space, on-site warehousing, and a substantial power supply and infrastructure in place.
“Our historic and continued investment in Wrexham reflects our confidence in the area’s growth and its role as a key industrial hub in Wales and the 海角视频. With the addition of this site, we are not only expanding our footprint but also strengthening the future economic prospects of the region.
“Looking ahead, we are excited to continue growing our presence here, creating the right conditions for businesses to thrive. Our goal is to provide flexible, modern spaces that enable companies to expand and succeed, and with new developments in progress, we are positioning the estate as a prime destination for industrial and logistics operations in the 海角视频.”