Vastint UK Unveils Plans for Major Cardiff City Regeneration Scheme
The highly anticipated details for the regeneration of a brownfield site in Cardiff have been unveiled by developer Vastint UK as a public consultation launches today.
Members of the public have been invited to share their views on the masterplan proposals for a transformative, mixed-use project which aims to strengthen connections between Cardiff City Centre and the bay along the banks of the River Taff.
The Embankment at Dumballs Road will deliver the sustainable redevelopment of a key strategic, 40-acre site, creating up to 2,500 new homes alongside 54,000 square metres of business space as well as opportunities for leisure, hospitality and retail users, on what is currently under-utilised, low-quality industrial space.
The proposal will open up access to the riverside, reconnecting the city to the bay with an uninterrupted pathway, and will provide much needed connections between Grangetown and Butetown with a new cycle and footbridge across the River Taff. The plans also include considerable open space, with a new riverside park and water taxi stop that will create additional enjoyable routes along the river.
As recently reported, Vastint UK has agreed a contribution of 12.5% affordable housing to aid Cardiff Council’s efforts to meet its housing targets.
Andrew Cobden, Managing Director of Vastint UK, said: “Cardiff has a beautiful river running through its centre but access to it has been limited for many years. We are excited to bring forward proposals that will breathe new life into the riverfront, by opening up access through a new riverside park, and provide opportunities for new jobs and housing.
“We have worked closely with Cardiff Council, our architects, landscape team and planners to create a vision that we hope will transform this underused area of Cardiff into a thriving new district for the city and its residents.
“We welcome feedback from the public so we can ensure this development meets the needs of the local community.”
Cardiff Council has expressed its support for the scheme as the land has remained largely derelict for the last 30 years, stating it is a ‘significant investment’ and a ‘real breakthrough’ for the city. The council agreed to sell 8.5 acres of land off Dumballs Road to Vastint UK in September 2020, so that this masterplan may be brought forward.
The Embankment site is Vastint UK’s third major development, alongside Aire Park in Leeds and Sugar House Island in London. The developer aims to create mixed-use neighbourhoods that balance living, working and leisure spaces that complement and add long-term value to local communities.
The Embankment public consultation will run until Friday, 19 February 2021, and an outline planning application is due to be submitted in early 2021.
Further details of the planning application can be found at www.embankmentcardiff.com.
Note to editors:
Andrew Cobden, Managing Director of Vastint UK, is available for further interview.
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About Vastint UK:
Vastint UK is a real estate organisation that creates large-scale, mixed-use neighbourhoods balancing working, living and leisure spaces.
All developments are designed to complement and add long-term value to local communities.
Established in 2010, Vastint UK has schemes in London (Sugar House Island), Leeds (Aire Park and Cardiff (along the Embankment).
Vastint UK is part of the international real estate organisation, Vastint, which has more than 30 years of experience developing and managing properties and commercial real estate. Vastint is active in various countries across Europe, such as Austria, Belgium, Denmark, Finland, France, Germany, Italy, Latvia, Lithuania, the Netherlands, Norway, Poland, Romania, Spain and the United Kingdom.
For more information, visit www.vastint.eu/uk/.