The Capital Shopping Park at Leckwith in Cardiff has been sold to Re-Assure Limited, Aberdeen Asset Management. PMG developed this shopping park in conjunction with the provision of the new Cardiff City Football Stadium and at the time of its sale it was fully let. This has been a major project to undertake and the significant efforts of those involved will secure the future success of this Retail Park.
Terms have been agreed to let the last remaining retail unit at Thornhill with contracts due to exchange within the next three weeks.
Following the receipt of planning permission in November 2013 for this residential development, a Section 106 Agreement was completed with Rhondda Cynon Taff Council this week which has enabled completion to take place of the sale of this development site to Persimmon Homes. Persimmon intend to start work on site immediately with the ability to offer 270 new houses for sale within RCT before the end of this year. Thank you to all our team involved together with those at Rhondda Cynon Taff Council in bringing this development site forward.
Barnardos have exchanged contracts for a new unit to be constructed at the Thornhill site. Works will start on the construction of the unit on February 17th and are expected to take 12 weeks. Barnardos will join Sainsburys and Greggs on site.