Friars Walk

Newport, South Wales

“Between 2011 and 2015 we played a key role in the reimagining and master planning of Newport city centre. A strategic partnership with Newport City Council and an innovative public sector funding solution enabled us to reinvigorate the High street, restore civic pride and elevate Newport’s place in national retail rankings by nearly 100 places.”

OVERVIEW

  • Client: Newport City Council
  • Role: Developer
  • Uses: Retail, leisure, restaurants and new civic square
  • Architect: TconcepT, Leslie Jones Architecture
  • Size: 390,000 sq ft
  • Status: Operating Asset since 2015
  • Estimated GDV: £100m

OUR ROLE

  • Development concept, feasibility analysis
  • Development team assembly and management
  • Development programming
  • Ongoing design development
  • Funding strategy
  • Risk management
  • Construction procurement and delivery
  • Cost management
  • Curation of tenant mix and leasing
  • Branding, marketing and PR
  • Property management
  • Asset management

Project Impact

10.5m

visitors per annum

£400m

additional local economic activity

£120m

per annum of retail sales

1500

permanent jobs created