What’s happening in Cardiff property development?

By Matthew Okeefe

Our latest monthly feature explores the latest in property developments across each county in England and Wales. This month we will summarise Cardiff property development that we believe will make a positive change to the community, environment and the overall quality of the city. We often find ourselves pondering over what might appear from the rubble of a building site on our stroll to work, and we’re sure you do too. So, this should help clear up a few wonderments, enjoy!

Our latest monthly feature explores the latest in property developments across each county in England and Wales. This month we will summarise Cardiff property development that we believe will make a positive change to the community, environment and the overall quality of the city. We often find ourselves pondering over what might appear from the rubble of a building site on our stroll to work, and we’re sure you do too. So, this should help clear up a few wonderments, enjoy!

Wales’ tallest building  

Cardiff Property Development

Cardiff is set to get that little bit taller over the coming years. Permission has been granted to developers Watkin Jones Group who will be working in partnership with Rio Architects to erect the 132m, 42 story city centre building. The building will act as student accommodation, as the popularity of studying in Cardiff increases year on year. The 132m tower is set to dupe Wales’ current tallest building which is situated in Swansea and stands at 107m. It is also good news for the surrounding area, as the Watkin Jones Group have pledged £500,000 to improve the quality of the surrounding buildings and the overall area.

http://www.walesonline.co.uk/news/local-news/wales-tallest-building-given-go-11017047

Housing Partnership Programme 

Cardiff Property Development

Possibly the largest project on this list comes from the Cardiff government Housing Partnership Programme alongside Wates Living Space Homes. Together the two have plans to develop up to 1500 new properties across Cardiff and all within the space of the next 10 years. The project stipulates around 40% (600) of these properties will be developed as council homes in order to improve the current quality of council housing. The other 60% (900) homes will be developed through Wates Living Space Homes under moniker ‘Cardiff Living’ and will be aimed at the open market.

https://www.cardiff.gov.uk/ENG/resident/Housing/Housing-Partnership-Programme/Pages/default.aspx

Port Teigr 

Cardiff Property Development

If you’ve spent much time around Cardiff Bay this summer, you’ll have most likely seen the development of Port Teigr. An ambitious project which is being touted as one of the most significant waterfront developments in Europe. Currently, the site is made up of the BBC Roath Dock Studios, the Doctor Who Experience and newly built centre for the creative industries; Gloworks. While this is all very appealing, it’s the future plans for the site that are truly gripping. The ‘masterplan’ outlines the vision to build a thousand new homes alongside an array of leisure and lifestyle facilities including a new hotel, a variety of food and drink establishments as well as a hub for local small businesses to operate.

http://www.porthteigr.com/en/about-porth-teigr

Dinas Powys Over 50’s 

Cardiff Property Development

Situated in Dinas Powys in the grounds of what once was a nursing home, is soon to be, the new home of the fifties and over. In 2013, Bryneithin Nursing Home housed just one resident, but will now become the first ‘age-exclusive’ development in Dinas Powys named Arbor Vale. The project is built around the term ‘right-sizing’, which in lemans terms is finding the adequate size home for your needs and wants. The project will be fronted by Portobella with the design aspect being implemented by Penarth-based architect Nigel Arnold. This won’t be the last you hear of Portobella in this list, with a number of exciting projects on the horizon, they truly are one-to-watch. The Arbor Vale project is due to be completed sometime in 2017, with no real dates for completed as yet confirmed.

http://www.walesonline.co.uk/lifestyle/welsh-homes/site-former-dinas-powys-care-11885857

Capital Quarter 

Cardiff Property Development

With the slogan ‘city meets centre’ it’s fairly easy to grasp that location is one of the predominant factors of the Capital Quarter development. The Capital Quarter will be comprised of four Capital Quarter buildings which will, and do, house a number of large businesses. Currently, two of the four buildings have been completed, with one being sold to the Welsh Ministers and number two to be

occupied by OPUS (Opus Energy) and Public Health Wales. These developments are sure signs of economic growth within both the private and public sectors in Wales, and in turn in our capital city. The remaining two buildings are yet to be allocated to any set businesses or uses. In addition to the four business led developments, there is plans to expand student living to sit within the complex, a move which will surely see a great number of graduate schemes produced by occupying companies.

http://www.capitalquarter.com

Cardiff Pointe 

Cardiff Property Development

As you would expect from a city so beautifully positioned next to the water, we really do get spoilt with incredible waterfront developments. On the opposite side of the bay to the Port Teigr development, situated next to the Sports Village and Penarth Marina, Cardiff Pointe is a residential property development that is quickly becoming an extremely reputable place to live. Comprised of five complexes, that vary in size and price, Cardiff Pointe has already sold out two of the complexes. Ranging from two and three bedroom apartments to five bedroom houses, Cardiff Pointe aims to provide living spaces for everyone from young professionals to settling families. The price range, of course, ranges with the size of the property, a two or three bedroom apartment starts at £250,000 and at the present time are sold out, while a five bedroom house will cost anywhere from £450,000 to £649,950.

http://www.cardiffpointe.co.uk/plots.php

Fusion 3 

Cardiff Property Development

Fusion 3 is at this time, just a plot of land, located near the city centre on Dumballs Road. Now, this may not sound like it’s worthy to make this list, but its less the location of the land, but the proprietor of the land. Rigthacres, the company behind some of Cardiff’s most ambitious regeneration projects including Capital Quarter, One Central Square and the Cardiff and Vale College, have acquired the land for £1.5m. As of yet, there are no concrete plans of who the development will house, or how it will look architecturally. We do however know, that Rightacres plan to develop another 44,000 square foot of office on the plot, which once again, is a testament to current economic growth in Cardiff.

http://www.walesonline.co.uk/business/commercial-property/new-development-project-company-behind-10823208

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