A CONWY-based company has acquired office and warehouse units at a Llanrwst site formerly owned by a building contractor.

Pharma Group Holdings have taken on the two properties at Parc Ty Gwyn, left vacant since building contractor GM Jones went bust, having entered into administration in March 2019.

Marketed at £1.2 million, the site went to auction in October.

Established in 2005, Pharma Group has interests in the healthcare, food and wellbeing sectors, with production and warehousing facilities in Anglesey, Conwy and Pensarn, near Abergele.

The purchase of the Ty Gwyn units follows the recent acquisition of the North Wales Brewery Site, where planning permission has been secured for a bottling and product development hub for the group.

Pharma’s founder and managing director, Rhys Owen, said: “The Parc Ty Gwyn site is an ambitious investment for the group, providing expansion capacity for our own businesses, as well as the possibility of generating rental income through attracting local businesses to occupy surplus office and warehouse space.

Operations director Aron Owen added: “The Ty Gwyn units are constructed to a very high standard, and we look forward to bringing them back to life over the coming months.

“We are a local company trading internationally with a track record of expanding organically, and through acquisitions, Parc Ty Gwyn will play an important part in our future plans.”