Construction work on a 700-plus new apartment scheme overlooking the River Taff in the centre of Cardiff is under way . The £250m development from financial services giant L&G - at the Central Quay mixed use scheme at the site of the former Brains Brewery - will deliver 715 build to rent (BTR) apartments.
L&G’s development partner for the scheme is Bangor-based Watkin Jones. Last year L&G acquired land at Central Quay for the project from Cardiff-based developer Rightacres in a deal understood to be worth around £20m.
The biggest ever BTR development in Wales will consist of two separate high-rise storey elements with their own concierge, lobby, gym, gardens and terraces. It will also feature a public square facing onto the River Taff, in addition to over 19,500 sq ft of leisure and retail space. The first section of the BTR project is scheduled for completion in May 2026 and the second in March, 2027.
