A developer which has bought a chunk of Swansea's Oxford Street has pledged further investment in Swansea and said it will be here for the long-term, the leader of the council has said. Details of recent investment by Llanelli-based Kartay Holdings Ltd was contained in an email to Cllr Rob Stewart.
The Swansea Labour leader read out contents from it during a council meeting about the new central library, community hub and archives development which is taking shape at the city's former BHS store on the corner of Oxford Street and Princess Way. Cllr Stewart used the contents as evidence that council-led regeneration in the city was encouraging private investment to follow.
He said Kartay Holdings's chief executive Ian Morgan told him that it has just acquired 254 to 260 Oxford Street, with a view to revitalising the retail offering while creating 27 apartments on the upper floors. You can get more Swansea news and other story updates by subscribing to our newsletters here.
