Contact the Capital Investment team for more details about this opportunity

Opportunity Central Quay, Cardiff

This is an opportunity to invest in tranches up to 500 million GBP in Cardiff's new central commercial core through development finance, equity, or full forward funding.

This is a mixed use multi-phase project with a combined gross development value (GDV) of 700 million GBP.

The opportunity is to be involved with the redevelopment and regeneration of the Central Quay site next to the River Taff and Cardiff Central mainline train station.

Contact the Capital Investment team for more details about this opportunity.

Artistic impression of new office and residential blocks in the completed central quay development in Cardiff
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Location

Centre of Cardiff

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Project promoter

Rightacres Property Co Ltd

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Scale

£700 million GDV

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Sector

Commercial, Residential, Leisure, Hotel, Private rented sector

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Investment type

Development finance, equity, or full forward funding

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Planning status

Detailed planning permission granted for phases 1 and 2 with an approved masterplan in place for the whole project

A map showing the location of Cardiff and the major road and rail links to Bristol, Birmingham and London

Project background

Cardiff is the capital of Wales and is one of the fastest growing UK cities. Its population is expected to grow by 25% between 2014 and 2039.

The Cardiff Capital Region City Deal is expected to create up to 25,000 jobs and attract 4 billion GBP of private sector investment.

Cardiff is served by its own international airport, including a daily flight to Doha. The city is also well connected to travel to London by high speed trains in under 2 hours.

Cardiff City Council’s vision is to establish a new commercial centre in Cardiff which will be expanded by developing the Central Quay site, situated immediately to the south of Cardiff’s main train station.

About the project

The Central Quay project consists of a development site of 6.5 hectares (16 acres) in central Cardiff, with the mainline train station bordering to the north and the river Taff to the west. The Central Quay masterplan maximises using both of these site features. It is also the former site of the famous Welsh brewery, SA Brain and Co Ltd, established in 1882.

The approved masterplan which is subject to detailed planning permission being granted for individual phases, benefits from:

  • offices of between 6 to 10 storeys, 10,000 square metres (1.08 million square feet)
  • over 1,000 residential apartments in blocks ranging from 4 to 23 storeys
  • a 6,000 square metre, 200 bed hotel (already committed)
  • 695 parking spaces in a multi storey car park
  • leisure facilities including brewery visitor centre, food and beverage outlets, retail and public realm open spaces.

Full planning permission has already been granted for the multi storey car park and adjacent 10 storey office block of 14,900 square metres (160,000 square feet), plus the brewery house conversion comprising 5,110 square metres (55,000 sq ft) of offices with food and beverage on the ground floor.

Investment opportunities are available for the MSCP, office blocks, residential (build to rent) blocks, as well as retail, hospitality and leisure assets.

Promoters and partnerships

The project partner and promoter is Rightacres Ltd. Established over 50 years ago, it is a Cardiff based private family owned development company.

Rightacres Ltd is currently delivering over 100,000 square metres (1 million square feet) of commercial space at Central Square, including a new 100 million GBP transport Interchange project.

To invest in this UK project, get in touch with the DIT team.