Oyster Wharf Mumbles launched

Seafront regeneraton scheme overlooking Swansea Bay 'real boost to Mumbles'

28 March 2017

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Oyster Wharf Mumbles, a £5.5m mixed use seafront regeneration scheme overlooking Swansea Bay, was officially opened on Thursday 9 March. The historic Art Deco Tivoli shopping arcade has been rejuvenated with leisure operators Croeso Lounge and Prezzo opening on the seaward side of the scheme, and Le Bistrot Pierre and Parrilla currently fitting out and due to open in the next couple of months.

The Co-op has relocated from the opposite side of Mumbles Road to a new store inside the Tivoli building. The next phase of scheme by the developers, Nextcolour Developments, is converting the former Co-op premises into two retail units, which have been pre-let by Cooke & Arkwright’s Retail & Leisure agency to Seasalt and Joules.

The opening event, organised by Swansea Bay Futures, was attended by Councillor Rob Stewart, leader of Swansea City Council, James Morse, Commercial Director of Nextcolour Developments and over 50 of the region’s leading business people. Philip Angell, Director of Property Management at Cooke & Arkwright, the managing agents for the scheme, attended with Surveyor Thomas Rees. He said, “We were very pleased to attend the opening. It’s a great location with fantastic views of the Bay and we are sure that Oyster Wharf will provide a real boost to Mumbles and attract even more investment to the area. The restaurants make a great contribution to the leisure mix in the town and are already proving very popular. We are delighted to be retained by Nextcolour to provide management services for this great new asset to the region.”                                                                                                                                                                                                  

James Morse of Nextcolour commented, “The finished development will offer the perfect mix of retail and dining for the whole of Swansea, and become a destination for those looking to explore the history, heritage and beauty of Mumbles from surrounding areas and from further afield."

Mansford has expanded its investment portfolio over the last few years. Over this time Andrew West has provided us with a full rating valuation service which has involved giving a view on liabilities prior to acquisitions, as well as conducting negotiations with Valuation Officers on our UK estate. The portfolio includes a wide range of properties from shops, offices and pubs to major leisure schemes. He has been particularly successful in mitigating our liabilities to empty property rate, which has been an issue on acquisition prior to implementing our development and letting strategy. I have no hesitation in recommending Andrew's expertise in rating valuation for all property types. The profile of property within his portfolio and the successes achieved are testament to his position as an extremely accomplished rating practitioner.

Leopold Hall, Partner, Mansford LLP