Rehau’s former Anglesey home changes hands
Pi Real Estate, a sister company to Manchester-based Hurstwood Holdings, has acquired a 60,108 sq ft industrial building on Amlwch Industrial Estate previously occupied by the German plastics giant.
Rehau closed its Anglesey plant in 2019 after demand for the main product produced at the factory dropped.
Rehau then put the factory up for sale in the summer of 2020. The facility has now been acquired by Pi Real Estate, which intends to make a “significant investment” to redevelop the site.
Andy Park, managing director of Hurstwood Holdings and director of Pi Real Estate, said: “The closure of the Rehau factory was a huge loss to the island, which has an abundance of skilled workers providing a major resource for an incoming occupier.
“Working with the local council, we plan to make a significant investment to reconfigure the property to provide a state of the art, modern facility that will also have long term positive economic impact on the region.”
Pi Real Estate has appointed architectural practice AXI to design the refurbishment of the existing property, located on a 7.7-acre site within the industrial estate.
The plans will see the buildings transformed to create office, workshop and warehouse space that can accommodate requirements from 500 sq ft up to 60,000 sq ft, the developer said.
Amlwch Industrial Estate sits in a recently designated Enterprise Zone, which means occupiers will be able to benefit from the associated incentives, Park added.
Lambert Smith Hampton acted on behalf of the vendor and former occupier, the Rehau Group. King Street Commercial advised Hurstwood Holdings on the purchase.
Legat Owen is the retained letting agent. Together provided part of the funding for the deal.