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New £1.19 billion property investment portfolio
launched in Wales
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Additional £1.01bn of investment projects launched in
Durham, Harrogate, Swindon, Bournemouth, North Essex, Oxford
and Bicester
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UK Government will showcase the projects at the world’s
largest property exhibition MIPIM Cannes
£2.2bn worth of new investment opportunities, which will create
new homes and jobs, have been launched today (Thursday 14
March) by the Department for International Trade.
Launched at international property event MIPIM, the new projects
include an array of development opportunities in England and the
government’s first Wales property investment
portfolio.
Among the new investment opportunities on offer to international
investors is a 444-acre ‘experiential’ resort in Oxfordshire and
3 new garden communities in North Essex, set to create more than
43,000 new homes over the next 50 years.
International Trade Secretary MP said:
“The portfolios we are showcasing at MIPIM represent the
wide array of real estate investment opportunities the UK has to
offer that can satisfy the needs of every type of international
investor.
“These developments will create more jobs and homes for our
residents, delivering essential infrastructure and I am
incredibly pleased my department, in conjunction with Homes
England and MHCLG, have supported their launch. ”
Secretary of State for Wales said:
“This first Welsh portfolio presents a real opportunity for
international investors to capitalise on our nation’s innovation
andexpertise.
“I’m delighted to present a broad range of projects across
all parts of Wales which demonstrate our strengths in sectors
ranging from tourism to business and clean energy generation.
Each opportunity showcases what makes our beautiful, resourceful
country such an attractive destination for investment and
business and I look forward to discussing them further with
potential investors.”
DIT will lead the government’s presence at MIPIM, where over
23,000 people are expected to attend, including investment
representatives from over 100 countries.
The UK government will host a number of panel sessions at the UK
pavilion throughout the week, discussing topics including the
opportunities for investing in the Northern Powerhouse and
devolved nations, and the impact technology will have on the real
estate sector in the future.
The portfolios showcased at the UK pavilion have been put
together by the DIT’s Capital Investment team which aligns with
the greater governmental initiative to attract and support both
local and foreign investment into infrastructure, property
developments and energy projects throughout the UK.
11 new investment opportunities
Wales Portfolio
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Cardiff: a mixed office and multi-storey car
park development in Cardiff Central Quay
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Milford Waterfront: a leisure-focused
development in Milford Haven
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Barry Island: Nells Point; a beachside tourism
development on Barry Island
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Swansea: Phase 2 of a mixed development in
Swansea Central
The four new projects will be combined with two existing projects
in Anglesey North Wales.
And
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Durham: Forrest Park; a logistics and
light manufacturing business park on a 52-hectare site in
Newton Aycliffe
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Harrogate: Future Park; a mixed
manufacturing, leisure, retail, and technology development
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Swindon: Kimmerfields; a residential and
commercial development with a hotel in Swindon’s business
district
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Bournemouth: Winter Gardens; a
residential development with restaurants, supermarkets and
leisure space
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Oxford: a commercial development on the
existing Culham Science Centre site on the outskirts of Oxford
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Bicester: Bicester Motion; a 444-acre
‘experiential resort’ comprising a hotel, conference centre and
technology hub
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North Essex Garden Communities: three new
garden communities across North Essex, providing up to 43,000
homesover the next 50 years
