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RT Properties snaps up 30 acres of Visteon site

RT Properties has bought a massive chunk of the Visteon site at Jersey Marine and is vowing to create up to 500 jobs there. The multi-million pound deal will see 30 acres of redundant factory and land transformed into the Swansea Gate Business Park. RT Properties are delighted with deal, which will not affect the car plant. It is a prime location with 845,000sq ft of offices and industrial/warehousing buildings. The site is to be transformed into a modern business park. Visteon are retaining the Elba works at the rear of the site and retaining its position to secure its jobs. The plant was built in 1959 as the Prestcold fridge company and was later acquired by Ford. Cardiff-based property consultants King Sturge acted for Visteon. King Sturge's Chris Sutton said: "Its good news for Swansea. "It is getting private, good investment in a landmark building. 30.07.2007