Friday, 2 February 2007

Developers keep quiet on retail park plans

Developers are keeping quiet over the future of a key city centre site in Swansea.

A new firm has bought a 50 per cent share in the first phase of the city's edge-of-town Parc Tawe retail park.


Property firm Hammerson picked up a share in the development when it bought up previous owners LBX's portfolio.

The company has so far failed to return the Post's calls and explain any plans for the prime site.

The other 50 per cent share is owned by property managers Land Securities.

A spokeswoman for the company admitted that new plans for the site were being considered but refused to be drawn on specifics.

Parc Tawe is in urgent need of a revamp.The once hugely popular site was a massive draw for visitors with its cinema, bowling alley and Plantasia hot house.

All three remain along with shops and anchor tenant Toys R Us. But there have been complaints the area has generally become rundown and scruffy.

Former owners LBX admitted the site was "pretty ugly" and that something needed to be done. Expert consultants Roger Tym and Partners, brought in to develop a blueprint for developing Swansea city centre, have also earmarked the site as being in dire need of development.

Visitors to the park are frequently stuck in long queues when they try to leave the car park. Its layout has been heavily criticised.A proposal to move Plantasia and redevelop the site was suggested a few years ago.

Developers argued the siting of the hot house caused problems for traffic management and effectively cut the retail park in two.

But council bosses were not thought to be keen on such a complex proposal.

Traders and politicians have accepted that new life needs to be injected into the park itself.A spokeswoman for Land Securities said that Parc Tawe's future was being reviewed.

She said: "At the moment we are looking at different proposals and doing some consultation with Swansea Council."