Montgomeryshire AM Mick Bates welcomed the potential development of the site.

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"We now look forward to welcoming the Balmoral Show to the site in May and I am confident that this is only the first step in maximising the economic development potential of this significant 347 acre site, " the chairman added.

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The university, advised by Ira Schuman of real-estate services firm Studley, marketed the building as a potential development site.

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