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16th January 2020

Development Bank of Wales £55m property fund makes its first investment

Work on the third phase of Glan yr Afon Industrial Estate in Aberystwyth has begun with confirmation of a commercial property loan for developers Ellis Development Company (Wales) Ltd  by the Development Bank of Wales.

Speaking on Monday 13 January 2020, Ken Skates, Minister for Economy and Transport welcomed the first investment from the £55 million Wales Commercial Property Fund managed by  the Development Bank of Wales.

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