The landmark Howells building in the centre of Cardiff has a new owner with plan to transform it into a £100m new mixed-use destination.
Real estate investment, development and asset management firm, Thackeray Group, have acquired the 275,000 sq ft Victorian building, which occupies a prime 1.7-acre site, out of receivership. The value of the deal has not been disclosed.
Thackeray, which has a track record of regenerating and repurposing heritage sites into mixed-use spaces, is aiming to carry out a net carbon zero regeneration of the building to provide an aparthotel, build-to-rent apartments, restaurants, shops, leisure offerings and office space.
