Project Promoters
Newport City Council (NCC)
Scale
Masterplan (1st & 2nd phases: £100M)
Sector
Mixed Use – Offices, Residential, Hotel, Retail, Leisure
Location
City of Newport
Investment Type
Development Finance, equity, or full forward funding.
Planning Status
Located within the defined city centre, in the adopted Local Development Plan and City Centre Master Plan
Located around the City Centre mainline railway station, the Northern Gateway area of Newport is fast becoming a hot spot for investment and regeneration.
Significant investment is already underway; with the multi-million pound refurbishment of the award-winning Indoor Newport Market and Market Arcade, and major infrastructure works – including a new footbridge linking the City Centre and 6,000 sq. m of new Grade A tech office space on Mill Street. Tech and Cyber are a strong business sector in the Northern Gateway and sit alongside the National Software Academy and National Cyber Security Academy.
Opportunities for new commercial space and transformational development exist in the Northern Gateway, and takes advantage of a growing City with excellent connectivity and an outstanding well-being offer.
This new development area can offer flexible commercial space that will respond to current demand, including, but not limited to, a new hotel and office/co-working space. There is also a great opportunity for new mixed tenure housing, educational or leisure use – allowing more people to live, work and visit the city centre. Much of the Northern Gateway is already seeing significant transformation, with new active travel links and planting to create a real sense of place and well-being.