Gates of property bought by Welsh government
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Welsh government spends millions buying property and land

The amount of money spent by Welsh ministers to buy industrial sites, business parks and office blocks for economic development could reach £120m within months.

About £54m has already been spent but that figure could soon rise to £70m.

This is on top of the £52m paid for Cardiff Airport two years ago.

The purchases were criticised by the Conservatives due to public spending cuts but ministers said the investments are to create jobs and growth.

BBC Wales' political editor Nick Servini reports.

  • 14 Jan 2015
  • From the section Wales
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