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Central Square Redevelopment Takes Another Step Forwards

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Yesterday’s announcement by Legal & General and Rightacres Property Ltd represents one of the largest property deals ever done in Wales.

This major commitment from Legal & General provides new impetus for the delivery of the Central Square regeneration scheme. The UK Pension Fund has agreed to provide a facility to fund the whole of the Central Square redevelopment including the proposed new BBC Headquarters building which is set to receive final approval to proceed in October.

Legal & General’s decision is a major vote of confidence in Rightacres, and the City of Cardiff, where they employ around 1100people. Whilst the investment deal stands on its own merits, Cardiff is now well known to Legal & General, and in an increasingly competitive regional investment market, their long standing links with the city have proven to be a significant factor.

The Central Square regeneration scheme is now progressing at pace. Building Number One is almost complete and work on the new BBC HQ is expected to begin in November. The Wood Street NCP car park is scheduled for demolition early in the new year and Marland House will be demolished shortly after existing leases expire at the end of March.  Site preparation works for the new Interchange building will start immediately thereafter and a detailed planning application will be submitted in May, with a view to construction starting on site early in the autumn. Proposals are also progressing on Building Two, which will sit in between Building One and the BBC HQ, and the plan is to build it at the same time as the BBC HQ.

SOURCE: cardiffnewsroom.co.uk

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Over the past 6 years, Rachel has been working specifically within the digital marketing space and has worked with some of the country’s top brands. During this time, Rachel was a key attribute to the success of our sister product, Recruitment Buzz, which has firmly established itself as one of the leading publications within the Recruitment sector. Drawing on her knowledge and experience, Rachel has developed a genuine understanding of how content can engage and compel an audience.

Having a passion for travel and culture, Rachel left her hometown of Cardiff to pursue studies and travel and after several years away, Rachel returned to Cardiff and firmly established herself within the development of Business News Wales. Rachel is now responsible for every aspect of web management, marketing and overall production of the Business News Wales brand.

Having learnt some invaluable skills within the marketing industry, Rachel is often called upon for her skills and knowledge of WordPress, HTML, email marketing software, Photoshop design and social media tools.

 

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