UK Steel Plant Sold for $1.2B Redevelopment

LONDON-One of the biggest iron and steelmaking plants in the country has been sold for a pounds 750 million redevelopment.

By Anita Howarth | August 29, 2002 at 01:01 AM

A consortium comprising developer Broadhall Hampton, housebuilder Barratt and AWG Development have bought 600 acres at Llanwern, near Newport in Wales. They plan to convert the site into light industrial units, offices, homes, a primary school, as well as sports and leisure facilities.

Corus said it could take up to three years to clear the site, with redevelopment starting in the new year.

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