Skip navigation

Gloucestershire Business News

Sale unlocks 45-acre site for 345 new homes

Owners of a Gloucestershire's engineering success story have sold a 45-acre site for a major housing development.

It is understood that Mabey Group, which owns Lydney-based world-wide bridge manufacturer Mabey Bridge, has sold the site on the River Wye to Barratt Home.

The former Fairfield-Mabey factory site in the town of Chepstow, which straddles the English and Welsh borders at the foot of the Forest of Dean, has changed hands for an "undisclosed sum".

Known also as National Shipyard No1 the site was used during WW1 to manufacture ships and in WW2 to manufacture landing craft and until recently by the Lydney business, which ships its bridges around the globe.

The site, off the A48, was part of Fairfields Shipbuilding and Engineering Company from 1914 to 1965, becoming the Fairfield Mabey factor site from then on until 2009.

Gareth Carter, a director of Savills Cardiff, which oversaw the sale of the property, said: "Mabey Group, and our in-house planning team initially guided a master planning process, culminating in the delivery of an outline planning permission in November 2017.

"The site marketing during 2018 generated strong interest from national and regional developers, and following a shortlisting process, Barratt Homes emerged as the preferred bidder."

Remedial work is expected to begin on the site - which has uninterrupted access to a 1km stretch of the River Wye - in the late spring, with building work expected to start in the later summer.

It is thought the scrapping of the Severn Bridge tolls will make the homes even more attractive.

Steve Williams, Barratt Homes' regional managing director, said: "As the UK's leading housebuilder, we are delighted to have acquired such a large and prestigious site. This development will create valuable new homes and support many jobs during the construction and sales phase of development.

"We will now be working closely with the local council on detailed plans for the site and believe that the recent scrapping of the Severn Bridge tolls will boost the attraction of Chepstow as a place to live. At the present time we plan to begin remediation work in the spring with construction due to begin in the summer."

Subscribe to Punchline

Related Articles

Historic Gloucestershire pub to be turned into an up-market French-style brasserie Image

Historic Gloucestershire pub to be turned into an up-market French-style brasserie

Company set up by renowned restaurateur Raymond Blanc looks set to turn 17th century inn in the heart of a Gloucestershire village in to up-market French-style brasserie

Our next prime minister will be heading to Gloucestershire for hustings Image

Our next prime minister will be heading to Gloucestershire for hustings

Gloucestershire set to hold one of the final head-to-heads between Boris Johnson and Jeremy Hunt

Location of new £6 million country club revealed Image

Location of new £6 million country club revealed

In February news emerged of a new £6 million climbing and sports centre on land between Gloucester and Cheltenham, and now the exact location has been revealed.

Major construction conference to take place in Gloucestershire this week Image

Major construction conference to take place in Gloucestershire this week

Anyone who is anyone from the world of construction is due to gather at Gloucester Rugby’s Kingsholm stadium for the biggest conference of its kind of the year.

Copyright 2019 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.