12th - 15th March 2024, Stand R9.K, Palais des Festivals, Cannes

Atlantic Wharf

Cardiff
Project Owner

Cardiff Council

Scale

£1 billion GDV

Sector

Leisure-led, Mixed Use, Residential, Hotel, Retail, Leisure

Location

Cardiff Bay

Planning Status

The Live Nation Consortium will commence work early 2024 with the main construction work Q3 2024 with practical completion 2026

Atlantic Wharf is one of the UK’s most exciting mixed use regeneration opportunities situated in Cardiff Bay.

The Atlantic Wharf regeneration area extends to c. 30 acres and will eventually deliver over 155,000 sq m (1,650,000 sq ft) GIA of new mixed-use development (food and beverage, leisure, office, residential, hotel and cultural uses) adjacent to the city’s new 15,000 capacity indoor arena.

Cardiff Council and the operator for the new Indoor Arena, Live Nation secured a hybrid planning permission for the delivery of a mixed-use Masterplan within Cardiff’s Inner Harbour, Cardiff Bay in March 2023.

The Arena will be delivered and operated by Live Nation and will be situated immediately to the north of Area B and will form the first phase of regeneration. Construction is forecast to commence early 2024 and is scheduled to open in 2026.

A new transport interchange will connect the metro line between Cardiff Bay, the city centre, and the new proposed Cardiff Parkway Station – including high quality pedestrian and transport links for multi-modal transport.

Regeneration of Atlantic Wharf

Cardiff Council has an ambitious plan to re-energise Atlantic Wharf, Butetown, Cardiff Bay. The masterplan aims to unlock the potential to create a top UK visitor destination, and a vibrant, sustainable environment that brings enjoyment, employment and economic benefits locally.

The council’s ambition is to create a unique exemplar destination for Cardiff Bay that complements the existing facilities, a place where people come together to be entertained, to shop and relax. Hotel and residential apartments will sit comfortably alongside the development helping to make this a truly mixed offer.
The area remains the gateway to Cardiff Bay, located at the end of both Lloyd George Avenue, the main road that connects the city centre and the Bay, and the city centre rail link.

At the heart of the masterplan is a 15,000 capacity, world-class arena for live concerts, family shows, comedy, sport and more. Across the 30-acre site the vision is to create high-quality outdoor spaces, build new homes and hospitality, leisure and office spaces.

The Arena is projected to deliver between 130-150 events per annum and an additional 1.5m visitors to the Bay each year.

The development will become the focus of a new Metro stop located directly outside the main entrance to the new plaza, which engages with new pedestrian and cycle links connecting the existing Bute East Dock and the Bay.

Area A Proposals

New Offices Space, Event Hall/Leisure Attraction and WMC Capella Production Studio. The area will also look to deliver circa 400 new homes and potentially extend the hotel and office capacity within Atlantic Wharf.

Area A (Plots 18 – 22 on the plan below) comprises approximately 8.30 acres and is the site of County Hall, the main office headquarters of Cardiff Council. The existing building provides c.277,000 sq ft (GIA) plus and associated level car park.

The Council has commenced a formal procurement exercise (simultaneous on the marketing and sales process for the subject Site) which aims to identify a preferred partner by May 2024.

The Council intends to submit a detailed planning application upon conclusion of the procurement exercise, in order to expediate delivery.

The Council’s current programme is for the construction of Plot 18 (new offices plus Capella ) to commence in Q1 2025 with practical completion of their new office provision operational by Summer 2026. The balance of the works i.e. demolition, remediation, infrastructure and plot 19 completed by Q1 – Q2 2027.

Summary of Area B

Area B of the development site comprises the RedDragon Centre (RDC), an established leisure destination with occupiers including Odeon, Hollywood Bowl, Five Guys, Grosvenor Casino and Simply Gym.

The Site extends to c. 11.3 acres adjacent to the new indoor Arena plus new Council office HQ. The south west aspect of the Site is close to the Wales Millennium Centre landmark. It is well positioned adjacent to Cardiff Bay Railway Station and has access to Cardiff City Centre via Lloyd George Avenue and to the M4 at J29 to the east and J33 to the west via the A4232.

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