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

Northern Gateway

Newport
Project Promoters

Newport City Council (NCC)

Scale

First phase of Masterplan (comprising the Station Link and public realm improvements) c.£20 million. Second phase of commercial development c.£80m

Sector

Mixed Use – Offices, Residential, Hotel, Retail, Leisure

Location

City of Newport - providing unrivalled development opportunities in the heart of a growing and vibrant young UK city

Investment Type

Development Finance, equity, or full forward funding. NCC is seeking the creation of mixed-tenure housing, office and commercial in the heart of the city centre, on the main South Wales public transport corridor

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 a hot spot for investment and regeneration.

Significant investment has already been completed or is underway, including 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 Data are a strong business sector in the Northern Gateway with Tramshed Tech having recently opened a second site in the Innovation Station. They provide flexible workspace and tech startup support programmes and this location and are home to the Welsh Government funded International Soft-Landing Programme. The programme supports international tech companies to ‘soft-land’ in Wales.

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.

Want to discuss this investment opportunity?