Published: 27th Aug 2019

South Somerset District Council has added the UK distribution hub of toy giant Hasbro – famous for brands like Monopoly and My Little Pony – to its growing property portfolio. The local authority has bought the building on Reevesland Industrial Estate in Newport for £2.78m. Hasbro is the largest toymaker in the world and among its products are Monopoly, G.I. Joe, Furby, Transformers, Nerf, My Little Pony, Twister and the Power Rangers franchise. According to the council, the remainder of the estate is owned by Hasbro, which means the tenant is far more secure and likely to remain in this location. The deal was made possible with assistance from leading global real estate consultants CBRE and regional law firm Moore Blatch. ‘Reevesland Industrial Estate is an excellent value property providing much needed inexpensive storage space in a market where precious little industrial stock is available,’ said portfolio holder, Cllr John … (To read the full article, subscribe below)