Wales
include a hydrogen manufacturing station for hydrogen-powered transport, electric vehicle charging points, restaurants and flexible working areas for visitors to enjoy.
They’ll also lead to a high-tech battery manufacturing facility and the expansion of approved solar farm plans to create one of the UK’s largest solar energy generating facilities.
DST Innovations is also continuing to make positive progress on all other elements of the overall project. These include a tidal lagoon, a battery farm to store the renewable energy generated on site, a floating solar panel facility, an oceanic and climate change research centre, eco-homes anchored in the water, and a hyper-scale data centre.
A planning application will also soon be determined for a scheme led by New Zealand-based Skyline Enterprises that – if approved – will lead to one of the UK’s premier outdoor leisure attractions.
Y Storfa
Further examples of private sector investment include the innovative, groundbreaking biophilic building scheme taking shape in the city centre. Led by Hacer Developments, the scheme will be made up of the former Woolworths unit and a new adjoining 12-storey tower.
The tower, once open, will accommodate an aquaponics centre, exhibition space, offices and residential space. Also to be included in the overall scheme are green walls and green roofs, an urban farm-style greenhouse set over four floors, an educational facility, retail, further office space, a landscaped courtyard, rooftop solar panels and battery storage. Pobl Group will manage affordable apartments forming part of the project.
Other private sector schemes making progress in Swansea city centre include the Princess Quarter multi-purpose development, where construction is ongoing.
Led by Kartay Investments, the development will include high-quality office space along with high-end retail units on the ground floor. The scheme will also feature a roof terrace and three roof-top meeting pods with panoramic views over the city centre.
All these developments – combined with others – are aimed at creating a city centre where people can work, live, enjoy, study and visit, and all within a very short walk from Swansea’s world-class waterfront and maritime quarter.
Plans for a £4bn renewable energy project that will place Swansea at the forefront of global green economy innovation have also recently taken a major step forward. Land agreements have now been finalised between Swansea Council, DST Innovations and Batri Ltd.
The agreements – subject to planning permission – will lead to developments including a green energy transport hub to potentially
Albert Hall
Further council plans for 2024 include work starting on a revamp of Castle Square in the city centre to generate a greener, more aesthetically pleasing meeting place for people of all ages. As well as more green space, plans include pavilion buildings for food and drink businesses, a new water feature, new outdoor spaces, and a new giant TV screen above a bandstand-style facility.
New entrances are also planned for Swansea’s award-winning indoor market – the largest facility of its kind in Wales, which benefits from more than 100 stallholders. This follows-on from other recent improvements at the market, including the introduction of a market garden space with plenty of seating for visitors.
Progress on remaining elements of the Copr Bay district will also gather pace this year. These include a second car park and a number of retail units for food and drink businesses.
Princess Quarter 32
The summer will also see the submission of planning applications for elements of the Lower Swansea Valley project, following a successful bid to the UK Government’s levelling-up programme for funding.
COMMERCIAL PROPERTY MONTHLY 2024
Overlooking Swansea from the city’s Kilvey Hill, the proposed scheme is set to include a cable car and chair lift system, a gravity fuelled downhill carting experience known as the luge, a sky swing, existing and new walking trails, a zipline, additional mountain bike access, and food and beverage outlets.
Other examples of ongoing regeneration work in Swansea include the transformation of the former BHS unit in the city centre into a public services hub called ‘Y Storfa’ that will include the city’s main public library and archive service, as well as the council’s contact centre and external agencies. In combination with other schemes, this will help boost city centre footfall for the benefit of existing businesses there, while also encouraging more businesses to set up.
The council has stepped in to buy the former Debenham’s unit in the city centre too, and talks to bring this building back into retail use are ongoing.
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