X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LONDON-Rhys Newport, a partnership between Dawnay Day and investment bank Lehman Bros, has made a planning application for a £100 million ($157 million) retail-led mixed-use regeneration project in Newport, South Wales.

The radical transformation will double the size of the 30-year old Kingsway Shopping Centre to 450,000 sf. The centerpiece of the development will be new 100,000-sf department store and in addition, there will be a 75,000-sf food store. The proposed scheme will include an 84 bedroom hotel, 74 apartments and a 1,370 space car park. In addition, 15,000 sf will be devoted to leisure.

Charles Miller, Partner of King Sturge Retail who acted on behalf of Newport City Council said the council welcomed the application. “This new scheme has been long awaited for Newport. It will undoubtedly attract major retailers to the scheme, and also will benefit the town as a whole,” he said.

Subject to planning permission, work is scheduled to start on site in the autumn of next year, with completion planned for September 2005.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.