One of the biggest factory sites in Wales is up for sale. US manufacturer 3M has appointed property advisory firm Colliers to sell its 40-acre industrial complex in Gorseinon, Swansea, after announcing last year its plans to close the operation.
The site is the American company’s oldest manufacturing facility outside the US and dates back to the 1950s. It provides 358,114 sq ft of storage, production, and office space across several buildings.
An asking price has not been quoted by Colliers but bids will reflect rising construction and borrowing costs. However a leading Welsh commercial property agent not related to Colliers said bids could potentially come in at around £8m to £10m.
