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24/11/2016

Cardiff regeneration schemes make waves

Words: Roger Milne
Cardiff

Details of two major regeneration projects in the capital have surfaced.

Plans for a major mixed-use regeneration scheme on a 17-hectare site close to the centre of Cardiff have emerged now it is reported that property investment firm Vastint has entered into a joint venture with Cardiff Council to acquire land along the banks of the River Taff off Dumballs Road.

The location had been earmarked for a major residential led scheme from developer Bellerophon – but they have now exercised an option allowing Vastint and Cardiff Council to take on ownership of the site.

As well as proposals for more than 2,000 homes, the previous £500 million scheme also included plans for a new primary school and retail units.

New development plans for the site, which is currently owned by about 25 different landowners, are in prospect.

Meanwhile, SA Brain, Wales's biggest brewer, has revealed plans for a major regeneration project at its 6-hectare brewery site to the south of Cardiff station.

The scheme is a joint venture with Rightacres Property and could involve offices, hotels, flats and a waterfront leisure zone. A masterplan is being drawn up. The brewery's building and chimney would be retained as heritage assets.

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