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.”

Cooke & Arkwright have been providing rating valuation advice to The Welsh Rugby Union Limited (“WRU”) and Millennium Stadium plc for many years. They were recently successful in achieving substantial reductions in the assessments of the Millennium Stadium, covering both the 2005 and 2010 rating list. These negotiated reductions yielded savings of c.£3.5m which, crucially, allows the WRU to re-invest in rugby throughout Wales. They advise the WRU across the group portfolio including the National Centre of Excellence in the Vale of Glamorgan. The valuation issues across the WRU portfolio are complex requiring a high level of understanding of the funding and finances of professional sport in Wales. Cooke & Arkwright’s experience and understanding of these issues and application to the rating valuation have yielded these substantial negotiated reductions. The WRU and the Millennium Stadium entrust our work to organisations with the required levels in experience and expertise in dealing with these complex issues. I am glad to say we have this expertise in Wales. I would have no hesitation in recommending ratepayers making use of this Welsh based expertise.

The Welsh Rugby Union Limited, Welsh Rugby Union Group