Construction has now started on Swansea’s largest city re-development since WW2.
The centrepiece of the re-development will be a 3,500-seat Digital Arena, which will be built on Wellington Street in Swansea City Centre. The arena is expected to bring in over 200 events a year.
This is the first phase of the transformation and will go on to include the construction of a 5-star hotel, landmark digital bridge, extensive parking, and plenty of public space – as well as a new coastal park with cafes and play spaces for children. More retail and additional housing will complete the development, which is expected to finish in late 2020.
It is all supported by the £1.3bn Swansea Bay City Deal.
More for Mumbles?
Meanwhile, restoration work has begun on Mumbles Pier that will make it a “world class” attraction for many years to come.
The company that owns the Pier, Amecco, is planning to spend £3.2 million restoring the 120-year-old structure.
Detailed plans have also been submitted for a £35 million scheme incorporating the foreshore and headland, which would result in an extended sea wall, a new boardwalk between the Pier and Knab Rock, new sculptures, and over 60 additional parking spaces – a blessing for anyone who has ever tried to park in Mumbles.
A new five-storey building, comprising 31 hotel rooms and 11 serviced holiday apartments, is to be build in the former limestone quarry on the headland. A further 26 flats would be built on the foreshore between the Pier and Mumbles Amateur Rowing Club.
Once completed, this restoration work will increase not only the profile of Mumbles, but also the desirability to live and work in the picturesque Welsh fishing village.
All of this positive development of Swansea’s infrastructure and surrounding areas will only increase demand for quality rental accommodation. If you’re looking to invest in buy-to-let in Swansea, or would like a free review of your property portfolio, please give us a call in the office on 01792 430100, or click here to email us.
Source: Wales Online
Image Source: Insider Media