Swansea Council buys St David's Shopping Centre
Swanseas struggling St Davids Shopping Centre has been sold by asset management company Threadneedle to Swansea Council and the Welsh government. The centre forms a key part of regeneration plans for Swansea city centre which includes demolishing the shopping centre and replacing it with a temporary 160-space car park.
Swansea Council said this was a short-term solution until plans could be put in place to fully redevelop the site and regenerate the city centre.
Cllr Chris Holley, Swansea Council Leader, said: "This is a hugely important site in the city centre, but it is largely empty and has become detrimental to our overall aim of improving retail in the city centre."
He added: "In the shorter-term, and until market conditions improve, we'll demolish part of the site and construct a car park that will meet the needs of city centre traders and shoppers."
St David’s Shopping Centre was completed in 1982 but now has more vacant retail units than occupied. Work to demolish the two-storey centre is set to start in March this year.
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