The Central Quay regeneration scheme at the former Brains brewery site in the centre of Cardiff has been boosted with a £200m investment that will see hundreds of new waterfront apartments built. Financial services giant Legal & General is investing to deliver 715 built to rent (BTR) apartments at the regeneration site - marking the scheme’s first project.
The mixed-use scheme, which is being spearheaded by Cardiff-based property firm Rightacres, will eventually see more than one million sq ft of new office, leisure and residential development at the site running alongside the River Taff.
Planning for the two apartment buildings was granted to Rightacres in June. L&G has appointed Bangor-based construction company Watkin Jones to build the apartments. It is understood construction will start later this year, with the first apartments available for rent in 2025.
