Mipim: £1.19bn Welsh investment portfolio includes major leisure developments

Mipim: £1.19bn Welsh investment portfolio includes major leisure developments

The UK government’s first Welsh property investment portfolio, which includes a range of projects from across the country totalling £1.19bn, is to be unveiled at MIPIM.

The portfolio includes a mixed office and multi-storey car park development in Cardiff Central Quay, a leisure-focused development at Milford Haven’s waterfront and a beachside tourism development for Nells Point at Barry Island.

It also includes phase two of a mixed-use development in Swansea Central, which is made up of a 2,153,000 sq ft public sector office hub, 150 apartments, a cinema, restaurants and retail units.

Swansea Council leader Rob Stewart said: “Swansea’s presence at MIPIM shows the scale of our ambition.

“The world’s biggest investors are here and it’s them who we want as partners in developing our world-class future city centre.

“Swansea Central illustrates our vision to regenerate and create a vibrant city centre, combining best in class public realm with a commercial hub, higher brand retail, apartment living and major new leisure attractions.”

The four new projects will be combined with two existing projects in Anglesey North Wales.

Secretary of state for Wales Alun Cairns, who was unable to attend due to Parliamentary business, added: “This first Welsh portfolio presents a real opportunity for international investors to capitalise on our nation’s innovation and expertise.

“I’m delighted to present a broad range of projects across all parts of Wales which demonstrate our strengths in sectors ranging from tourism to business and clean energy generation.

“Each opportunity showcases what makes our beautiful, resourceful country such an attractive destination for investment and business and I look forward to discussing them further with potential investors.”

Source: Insider Media Limited

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