Taff Vale Shopping Centre, Pontypridd

Acting as joint developer and asset manager we acquired an existing covered shopping centre comprising 40 retail units and 22,500 sqft of offices let to the Government for clients in February 2005.

• We have already improved the capital and rental values.
• Acting as asset manager and joint developer, we were invited by the local authority and the Welsh Development Agency to submit detailed proposals to redevelop the existing town centre and be given preferred developer status.
• Debenhams have agreed to anchor the new development with a 90,000 sqft department store.
• The proposed mixed use scheme comprises 240,000 sqft of retail, 50,000 sqft of offices, 40,000 sqft of leisure, 50 residential apartments, 60 bed hotel and a 600 space multi storey car park.
• The proposed new scheme will have an end value of £100m.