Blake Morgan’s Cardiff-based team is pleased to act as legal advisors to the proposed Cardiff Parkway development.
Public consultation on the project launched on November 20, with city residents being asked for their views on plans for a new £120m mainline train station and business park in the city’s St Mellons area.
The project, which could eventually be home to 5,000 staff, could see nearly one million square metres of new offices and leisure space built, together with a public square and open spaces.
Subject to planning permission being granted, construction work on both projects is expected to start next year. The train station and the first phase of 300,000 sq ft at Cardiff Hendre Lakes are due to be completed in 2023.
The train station would be located on the existing South Wales to London Great Western Mainline that runs through the 160-acre site. It would form part of the South Wales Metro, and will also benefit from bus facilities, walking routes and cycle paths.
The Cardiff Parkway project is led by entrepreneur Nigel Roberts and his son Andrew. They are backed by financial services giant Investec and the Welsh Government, which has a 10% equity stake in the project.
Blake Morgan’s real estate and property litigation teams have been working with the project team since 2016. The team has advised on the land assembly and negotiations with a number of landowners, to secure over 200 acres of land for the planned development.
James Egan, Real Estate Partner, said: “We are pleased to be part of the team working on bringing the ambitious vision for Cardiff Parkway and Hendre Lakes to life.
“The project aims to help unlock growth across South Wales by connecting businesses with high-quality facilities, people and skills while delivering a range of benefits for the local community.
“After three years of preparatory work, it’s exciting that the project has now reached the public consultation stage. We are proud to have supported the team on the journey so far. We look forward to working with the Cardiff Parkway team as the project advances.”
For more information on the Cardiff Parkway Development project, visit the Cardiff Hendre Lakes website here.