It is one of the biggest industrial sites in Wales to come to market in years, but what is happening to efforts to sell the Ford engine plant site in Bridgend?
The freehold interest in the factory, which extends to 1.67 million sq ft located within a 158 acre site - where Ford ceased production in 2020 after 40 years - has been marketed by property advisory firm CBRE.
Having assessed five bids, from property developers and owner occupiers, there is speculation - while a deal has yet to be struck - that is has identified a preferred bidder. CBRE is remaining tight-lipped on the process. However, a person, who was part of the bidding process, said that one offer is understood to have come in at around £30m, far exceeding other offers. He added: “Whether that has been taken forward is not clear, but it certainly came in significantly higher than other bids.”
