Three mile section of Severn foreshore acquired for mystery buyer

Unusual asset not owned by The Crown Estate

31 March 2016
  • Image of foreshore
  • Wentloog Wildfowlers and Gwent Wildlife Trust members tidy up foreshore
  • Image of Roger Thomas

Share this

Three miles of mudflats along the Severn Estuary foreshore extending to 770 acres have been purchased at auction by Roger Thomas, Consultant at Cooke & Arkwright, on behalf of a private client for £61,000. The lot comprised two parcels of land between Petersone Wentlooge and the Rhymney River estuary, and attracted keen interest from a number of bidders who were active at the auction or by phone. Unusually this section of foreshore was not owned by The Crown Estate, for whom Cooke & Arkwright act as Managing Agents on its Marine Estate Interests in Wales, so the land is a rare asset. Mr Thomas said that the purchaser was very environmentally aware and did not plan to make any changes or develop the land.

“I am delighted to have acquired the foreshore for our client who is a keen conservationist,” he said. “He is very happy to allow the continuation of the current sporting use by the Wentlooge Wildfowl and Conservation Association who have leased it for many years and will continue to do so.”

Mat Holloway, Secretary of the Wentloog Wildfowling & Conservation Association said, “The new owner is an old friend of our Club and we are delighted and grateful that he is keen for us to continue our conservation and sporting activities on this very special stretch of foreshore.”

The land comprises beach, mudflats and salt marshes and The Wales Coastal Path runs along the shoreline. It is within the area of the proposed Cardiff Tidal Power Lagoon. The auction was held by Paul Fosh Auctions in Cardiff on 24 March.

Pictured: Mudflats on Wentloog foreshore; Wentloog Wildfowlers and Gwent Wildlife Trust members tidy up the foreshore; Roger Thomas of Cooke & Arkwright

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.

Steve Phillips, Group Finance Director, Welsh Rugby Union Group